The Office of the Comptroller of the Currency announced on April 16 2026 that it had terminated the consent order it had issued to JPMorgan Chase Bank on March 30 2026. The original order, imposed in March 2024, had required the bank to address gaps in its trade‑surveillance program, including incomplete coverage of trading venues and inadequate data controls, and had resulted in a $250 million civil money penalty.
JPMorgan’s upgrades to its trade‑surveillance system satisfied the OCC’s remediation requirements, leading the regulator to conclude that the order was no longer necessary for the safety and soundness of the bank or its compliance with applicable laws. The termination removes a formal enforcement action that had highlighted weaknesses in the bank’s compliance infrastructure.
The regulatory relief is expected to reduce future scrutiny and potential penalties, reinforcing investor confidence in JPMorgan’s risk management capabilities. Market participants reacted positively to the announcement, reflecting the perceived improvement in the bank’s regulatory standing.
The OCC’s action was coordinated with the Federal Reserve, which had imposed a related $98.2 million fine on JPMorgan in March 2024. Together, the two agencies levied approximately $348.2 million in penalties for the same trade‑surveillance deficiencies that dated back to at least 2019. The consent order had required JPMorgan to correct deficiencies, seek OCC non‑objection before onboarding new trading venues, and obtain independent third‑party assessments of its surveillance program. JPMorgan complied without admitting guilt.
The termination marks the end of a significant enforcement action and signals the bank’s ability to address regulatory concerns promptly. It also strengthens JPMorgan’s reputation for robust compliance and may reduce the likelihood of future penalties, supporting the bank’s long‑term operational stability.
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