JPMorgan Released From OCC Order Over Trading Surveillance Gaps

JPMorgan Chase & Co.was released from a two-year enforcement action by US regulators who had accused the biggest US bank of failing to properly monitor conduct of its employees and clients.

The Office of the Comptroller of the Currency said Thursday it terminated a consent order imposed in March 2024. The termination, dated March 30 of this year, didn’t elaborate on the reason.

The OCC had asserted the bank’s trade-surveillance program had flaws dating from at least 2019 that amounted to “unsafe or unsound banking practices,” and regulators including the Federal Reserve told the bank to take corrective action. ...