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.

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