FINRA fines J.P. Morgan Securities LLC $1.25 million
The Financial Industry Regulatory Authority (FINRA) today announced it has fined J.P. Morgan Securities, LLC $1.25 million for failing to conduct timely or adequate background checks on approximately 8,600, or 95 percent, of its non-registered associated persons from January 2009 through May 2017. Federal securities laws require broker-dealers to fingerprint certain associated persons working in…
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