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SEC says JPMorgan mistakenly deleted 47 million emails

Woman using smartphone to send email
Photo: Getty Images

Julie DiMauro

2 min read
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JPMorgan must pay a $4m penalty for mistakenly deleting emails, some of which had subsequently been requested in regulatory investigations.

Last week, the SEC issued a cease and desist order to JPMorgan Securities LLC (JPM) for its deletion of approximately 47 million electronic communications in about 8,700 electronic mailboxes relating to the period January 1 through April 23, 2018.

Many of these communications were business records required to be retained pursuant Section 17(a) of the

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