Amr Alfiky/Reuters JPMorgan has agreed to pay a $125 million fine after the SEC found it violated federal laws. JPMorgan employees used personal email, text, and WhatsApp to discuss bank business, the SEC says. The SEC is now investigating other financial institutions as a result of the investigation. JPMorgan Chase has agreed to pay a $125 million fine after allowing employees to discuss bank business on personal phones. The Securities and Exchange Commission announced Friday that it found "widespread and longstanding failures" to preserve written communications among JPMorgan employees, who were using WhatsApp, email, and text to discuss securities business matters, a violation of federal law.The regulator found that the practice took place between at least January 2018 and November 2020 and was prevalent throughout the firm."Indeed, supervisors, including managing directors and other senior supervisors ...

 

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