“JPMorgan fined nearly $350 million for inadequate trade reporting”

“…JPMorgan Chase & Co has been fined $348.2 million by a pair of U.S. bank regulators over its inadequate program to monitor firm and client trading activities for market misconduct, the Federal Reserve announced on Thursday… In a separate announcement, the OCC said JPMorgan failed to properly monitor billions of trades across at least 30 global trading venues.”

https://www.cnbc.com/2024/03/14/jpmorgan-to-pay-nearly-350-million-in-penalties-for-inadequate-trade-reporting-.html

Make billions pay millions? Sounds like JPmorgan isn’t going to stop anytime soon. They’d be crazy if they did. The fine does no good when the amount of money they pulled in is more than the fine.