Federal Reserve Board issues enforcement action against JPMorgan Chase & Co. and fines the firm approximately $98.2 million for an inadequate program to monitor firm and client trading activities for market misconduct.

JPMorgan Chase & Co.PMorgan Chase & Co.fined $348.2 million

Source: https://www.federalreserve.gov/newsevents/pressreleases/enforcement20240314a.htm

The Federal Reserve Board on Thursday issued an enforcement action against JPMorgan Chase & Co. and fined the firm approximately $98.2 million for an inadequate program to monitor firm and client trading activities for market misconduct. The Board's action requires JPMorgan Chase to review and take corrective action to address the firm's inadequate monitoring practices, which occurred between 2014 and 2023.

The Board's action was taken in coordination with the Office of the Comptroller of the Currency. The penalties announced by the Board and the Office of the Comptroller of the Currency total approximately $348.2 million.

More details (pdf does not open anything yet):

Attachment 1 (PDF)

TLDRS:

The Federal Reserve Board and Office of the Comptroller of the Currency fine JPMorgan Chase & Co. approximately $348.2 million for an inadequate program to monitor firm and client trading activities for market misconduct between 2014 and 2023.
I wonder if any of this misconduct concerns GameStop?