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Finra Fines JPMorgan 3 Minutes of Profit for Errant Reports

Traders Magazine Online News, May 27, 2014

Hugh Son and Lisa Abramowicz

The world’s trading houses, including JPMorgan Chase & Co. and Morgan Stanley, failed to properly report trades to the industry’s price-tracking system more than 11,000 times. JPMorgan’s penalty: About three minutes of its annual profit.

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