Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. Today, Matt and Tom take a deep dive into the JPMorgan settlement with the SEC and CFTC for faulty electronic record-keeping. Some of the issues we consider are:
· Why does Matt ‘almost feel bad’ for JPMorgan?
· There was a paucity of facts. So why is the fine so high?
· Is it a ‘Compliance Consultant’ or a Monitor?
· The remediation agreed to by JPMorgan.
· Lessons learned for the compliance professional and ephemeral communications.
· Focus on consistent and even-handed discipline for JPMorgan employees going forward.
Resources
Matt in Radical Compliance
Tom in the FCPA Compliance and Ethics Blog
