Source: CNBC
By Dan Mangan
The Securities and Exchange Commission fined the broker-dealer subsidiary of JPMorgan Chase $4 million for accidentally deleting about 47 million emails from early 2018, according to an administrative order Thursday.
Some of those deleted emails were sought by subpoenas in at least a dozen regulatory investigations, but could no longer be retrieved, the SEC order against J.P. Morgan Securities LLC noted.
Others “could relate to potential future investigations, legal matters and regulatory inquiries,” the order said.
The emails, which were accidentally deleted in 2019, were from and to about 8,700 email boxes, which included those of up to 7,500 employees who had regular contact with Chase customers…
Read full article: https://www.cnbc.com/2023/06/22/sec-fines-jpmorgan-chase-broker-deleted-emails.html
