FYI: JP Morgan has been fined $4 million by America's securities watchdog, the SEC, for deleting millions of email records dating from 2018 relating to its Chase Bank subsidiary.
JP Morgan has been fined $4 million by America's securities watchdog, the SEC, for deleting millions of email records dating from 2018 relating to its Chase Bank subsidiary.
According to the SEC’s summary, the project experienced “glitches,” with those documents identified for deletion failing to be deleted under the processes implemented by JPMorgan.When troubleshooting the issue, workers carried out deletion tasks on electronic communications from the first quarter of 2018.
In addition, JP Morgan says that extra coding was applied to mailboxes which were subject to “legal holds” in order to prevent the deletion of documents required to be maintained for other purposes, such as litigation.
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