SEC Fines J.P. Morgan $125 Million for Doing Business on Personal Phones, Email

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J.P. Morgan Securities, the stock-market unit of JPMorgan Chase, violated the SEC’s record-keeping rules, the agency said.

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J.P. Morgan Securities will pay a $125 million fine after admitting that employees made widespread use of personal phones, emails and text messages to conduct official business. This violated the record-keeping rules of the U.S. Securities and Exchange Commission, which censured the stock market unit of

JPMorgan Chase

and will have a compliance…

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