OCCTermination of Consent Orderhigh

JPMorgan Chase

New York, NY

The OCC on Mar 30, 2026 signed an order terminating a two-year-old enforcement action against JPMorgan Chase, made public on Apr 17, 2026. The March 2024 action found JPMorgan failed to adequately monitor client trading activity on at least 30 global venues between 2014 and 2023. The OCC said the bank operated with gaps in venue coverage and lacked adequate data controls for its trade surveillance program.

2 million to the Federal Reserve. In terminating the order, the OCC said the bank's safety, soundness, and compliance no longer required it. A companion Fed order against JPMorgan showed no indication of having been terminated as of Apr 18, 2026.

Implications
  1. Demonstrates that large banks can resolve significant enforcement actions by remediating compliance deficiencies
  2. Federal Reserve companion order remaining in effect suggests ongoing supervisory scrutiny of trading surveillance systems
  3. Sets expectations for trade monitoring controls that may cascade to BaaS/sponsor banks with trading operations
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