Singapore Hits JPMorgan with $1.8 Million Fine

Singapore cenbank fines JPMorgan $1.8 million over misconduct by relationship managers
Singapore's central bank said on Monday it fined U.S. lender JPMorgan Chase S$2.4 million ($1.79 million) for failing to prevent and detect misconduct committed by its relationship managers. The Monetary Authority of Singapore (MAS) said JPMorgan's relationship managers provided inaccurate or incomplete information to clients in 24 instances of over-the-counter bond transactions,
Singapore Hits JPMorgan with $1.8 Million Fine Over Relationship Manager Misconduct in Bond Deals
Singapores central bank penalized JPMorgan Chase $1.8 million after its relationship managers overcharged clients in bond transactions, exposing critical lapses in controls. The fine underscores the importance
JPMorgan Fined ~$1.8M In Singapore Over Misconduct By Its Relationship Managers: Details
JPMorgan Chase & Co (NYSE:JPM) has been fined S$2.4 million ($1.8 million) by the Monetary Authority of Singapore (MAS) for failing to prevent and detect misconduct by its relationship managers (RMs).
JPMorgan fined $2.4m for its relationship managers’ misconduct
The bank's relationship managers had made inaccurate or incomplete disclosures to clients. Read more at straitstimes.com.
Singapore Fines JPMorgan for Misconduct Over Client Bond Trades
Singapore fined JPMorgan Chase & Co. S$2.4 million ($1.8 million) for failing to prevent and detect misconduct by its relationship managers over client bond trades.
JPMorgan Chase Bank faces $1.78m penalty in Singapore for OTC misconduct
This enforcement action follows MAS's review of pricing and disclosure practices in the private banking sector.
MAS hands JPMorgan S$2.4 million civil penalty over misconduct by its relationship managers
SINGAPORE: The Monetary Authority of Singapore (MAS) has handed JPMorgan Chase Bank a S$2.4 million (US$1.78 million) civil penalty for failing to prevent and detect misconduct by its relationship managers in Singapore.
Singapore MAS fines JPMorgan Chase $2.4 million for overcharging clients
The Monetary Authority of Singapore (MAS) has fined JP Morgan Chase $2.4 million over charges pertaining to over-the-counter (OTC) bond transactions.
Singapore Central Bank Fines JP Morgan Chase & Co. $1.8 Million For Misconduct
In fresh trouble for the US lender, Singapore central bank has fined JPMorgan Chase & Co. $1.8 million for failing to prevent and detect misconduct by its relationship managers over client bond trades.
Singapore central bank fines JPMorgan $1.8 million over misconduct by relationship managers
Singapore's central bank said on Monday it fined U.S. lender JPMorgan Chase S$2.4 million ($1.79 million) for failing to prevent and detect misconduct committed by its relationship managers.
JPMorgan Chase fined $1.8M for overcharging for bond trades by Singapore's central bank
Singapore’s central bank said Monday it was fined JPMorgan Chase’s (NYSE:JPM) 2.4M Singapore dollars ($1.79M) for failing to ...
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JPMorgan Chase Paying $1,790,000 Penalty for Overcharging Clients in Singapore, Failing to Stop Employee Misconduct
JPMorgan Chase is paying a $1.79 million penalty for overcharging a group of clients in Singapore. The Monetary Authority of ...