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SEC Fines JP Morgan After “Accidentally” Deleting 47 Million Banking Records

June 23 (Cointime) - The US Securities and Exchange Commission (SEC) is fining JP Morgan Chase after the bank “accidentally” deleted 47 million banking records. Moreover,  Reuters reports that the fine is worth $4 million after emails related to retail banking groups were terminated.

The emails occurred in 2018, between the months of January and April, and were deleted in 2019. Additionally, the report notes that the records were deleted from nearly 8,700 mailboxes, with 7,500 of those belonging to the bank’s employees.

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