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JP Morgan mistakenly deletes 47 Million records that were sought in several investigations: Report

Shortpedia
Content Team
Image Credit: latestly

To resolve Securities and Exchange Commission claims that the bank unintentionally erased millions of electronic documents, making communications in a dozen probes inaccessible to regulators, JPMorgan Chase & Co. will pay a $4 million fine. The SEC said on Thursday that between January 2018 and April 2018, JPMorgan Securities destroyed 47 million electronic data, including emails and instant messaging, permanently.


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