Compliance into the Weeds The JPMorgan Fine and Penalty
Oct 7, 2020
21:36
Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. In this episode Matt and Tom go into the weeds to look at the recent fine of $920 million against JPMorgan for spoofing. Some of the issues we consider are:
- What is spoofing?
- How did the CFTC use data analytics to build their case?
- What does that mean for compliance professionals?
- How did the JPMorgan remediation of its compliance function reduce ?
- Once again, the DOJ demonstrates that robust remediation will pay great dividends in the form of a significant penalty reduction.
Resources
See Matt’s blog posts on Radical Compliance-JPMorgan’s Compliance Benefit
See also, David Michaels piece in the Wall Street Journal, JPMorgan’s Probe Revived by Regulators Data Mining
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