Compliance into the Weeds: On the Naughty List-JPMorgan $200 Settlement

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. Today, Matt and Tom take a deep dive into the JPMorgan settlement with the SEC and CFTC for faulty electronic record-keeping. Some of the issues we consider are:

·      Why does Matt ‘almost feel bad' for JPMorgan?

·      There was a paucity of facts. So why is the fine so high?

·      Is it a ‘Compliance Consultant’ or a Monitor? 

·      The remediation agreed to by JPMorgan.

·      Lessons learned for the compliance professional and ephemeral communications.

·      Focus on consistent and even-handed discipline for JPMorgan employees going forward.

Resources

Matt in Radical Compliance

Tom in the FCPA Compliance and Ethics Blog

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