SEC Alert! JPMorgan DELETED approximately 47 million electronic communications in about 8,700 electronic mailboxes relating to the period January 1 through April 23, 2018.
Because of this, JPMorgan could not produce records on 12 cases they received subpoenas on. Penalty? $4 million fine and censure
https://www.sec.gov/litigation/admin/2023/34-97787.pdf
1. These proceedings arise out of the deletion by JPMorgan of approximately 47 million electronic communications in about 8,700