Finra fines J.P. Morgan over failures to address ‘red flags’ in structured products case

The Financial Industry Regulatory Authority (Finra) has fined J.P. Morgan an additional US$200,000 for failing to reasonably supervise a broker with the firm who made unsuitable, unauthorised trades in his grandmother’s account. According to the Finra order, J.P. Morgan Securities has accepted the sanctions – a censure and a US$200,000 fine ’for failing to reasonably investigate and address “red flags” of potential misconduct’ in relation to unsuitable invest