JPMorgan freed from OCC order
JPMorgan was released from a two‑year OCC enforcement order that addressed flaws in its trade‑surveillance programme dating back to at least 2019. Regulators had required remediation of monitoring shortcomings, and the release indicates the bank met the OCC's conditions tied to employee and client conduct surveillance. (bloomberg.com / investing.com)
JPMorgan Chase has been released from a 2024 Office of the Comptroller of the Currency consent order over gaps in its trade-surveillance system. (occ.gov) The Office of the Comptroller of the Currency said in an order dated March 30, 2026, and disclosed on April 16, that the bank no longer needed to remain under the enforcement action. The regulator wrote that the bank’s “safety and soundness” and compliance no longer required the order to continue. (occ.gov, occ.gov) The original consent order was issued on March 14, 2024, after the regulator found deficiencies in JPMorgan Chase Bank’s trade-surveillance monitoring program. The Office of the Comptroller of the Currency said those weaknesses amounted to unsafe or unsound practices. (occ.gov, occ.gov) Trade surveillance is the system banks use to scan orders and transactions for signs of market abuse or improper conduct, much like fraud software flags suspicious card activity. The Office of the Comptroller of the Currency said JPMorgan failed to surveil billions of instances of trading activity across at least 30 global trading venues. (occ.gov) The 2024 order required JPMorgan to fix the program, obtain the regulator’s non-objection before adding new trading venues, and hire an independent third party to assess the system. The Office of the Comptroller of the Currency also imposed a $250 million civil money penalty on the bank. (occ.gov, occ.gov) The Office of the Comptroller of the Currency said in 2024 that its action was coordinated with a separate Federal Reserve enforcement action against JPMorgan Chase & Co. Banking Dive reported at the time that the combined penalties from the two regulators totaled $348.2 million. (occ.gov, bankingdive.com) Bloomberg reported that the surveillance problems dated back to at least 2019 and involved monitoring of employee and client conduct. Investing.com also reported that the terminated order covered failures to properly monitor employee-client conduct. (bloomberg.com, investing.com) The termination does not erase the 2024 findings or refund the penalty, but it does close one piece of a regulatory case that forced the biggest U.S. bank to rebuild a key control over trading behavior. (occ.gov, occ.gov)
