SEC fines JPMorgan subsidiary for deleting 47 million emails, some relevant to subpoenas

Critical Details

The Securities and Exchange Commission fined the broker-supplier subsidiary of JPMorgan Chase $4 million for unintentionally deleting about 47 million emails from early 2018.
Some of all those email messages have been sought by subpoenas in at least a dozen regulatory investigations, the SEC purchase versus J.P. Morgan Securities LLC mentioned.
The organization in late 2021 agreed to pay out $125 million in penalties for failing to maintain textual content messages and other electronic communications sent between January 2018 and November 2020.

Source

Finance

Here’s what current and former Fed officials are saying about Lisa Cook investigation

August 22, 2025

Key Points Current and former Federal Reserve officials have offered their thoughts about the Trump administration’s recent mortgage fraud allegations toward Fed Governor Lisa Cook. Former Boston Fed President Eric Rosengren told CNBC on Friday that “until there’s some facts out, I don’t think people should draw any conclusion,” while others such as Cleveland Fed […]

Finance

Stocks making the biggest moves midday: Microchip Technology, Builders FirstSource, Zoom Communications and more

August 22, 2025

Here are some of the stocks posting the biggest moves in midday trading Friday: Mohawk Industries , Builders FirstSource — Home construction plays jumped after Federal Reserve Chair Jerome Powell hinted that rate cuts could be around the corner, sparking hopes for lower borrowing costs. Builders FirstSource jumped 8%, while flooring company Mohawk Industries added […]

Finance

Cleveland Fed’s Hammack casts doubt on interest rate cuts amid inflation worries

August 22, 2025

Key Points Cleveland Federal Reserve President Beth Hammack said Friday she would be hesitant about lowering interest rates as long as inflation remains a threat. In a CNBC interview, she said, “I don’t want to move us to a place where we’re being accommodative, because I worry that if we’re accommodative, we could reinvigorate the […]