OCC Terminates JPMorgan Chase Consent Order After Trade-Surveillance Upgrade

The U.S. Office of the Comptroller of the Currency issued a consent order against JPMorgan Chase in March 2024 over deficiencies in the bank’s trade-surveillance program, including its coverage of trading venues and data controls. Such systems are critical for detecting market manipulation and improper trading, making remediation an important gauge of a large bank’s risk governance and regulatory compliance.

The OCC has now terminated the March 2024 consent order after determining that JPMorgan Chase completed the trade-surveillance upgrade and that the enhanced system is operating effectively. The decision confirms that the regulator considers the earlier deficiencies remedied. The announcement did not specify any fine and instead focused on trading-venue coverage, data quality and control mechanisms meeting compliance requirements.