The JPMorgan Fine and Penalty

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 Learn more about your ad choices. Visit megaphone.fm/adchoices