Singapore Hits JPMorgan with $1.8 Million Fine

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 detect and prevent misconduct by its relationship managers.  The Monetary Authority of Singapore (MAS) said in a statement that the relationship managers “had made inaccurate or incomplete disclosures to clients,
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 Singapore (MAS) says the banking giant has admitted it's liable for failing to discover and stop misconduct by its relationship managers.
JPMorgan Fined $1.8 Million in Singapore 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.
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,
JPMorgan Fined Nearly $1.8 Million By Singapore's Central Bank For Misconduct Of Relationship Managers
Singapore's central bank fined JPMorgan Chase nearly $1.8 million for failing to prevent and detect misconduct by its relationship managers. The managers provided inaccurate or incomplete information in 24 over-the-counter bond transactions and charged spreads above agreed rates.
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
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