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JPMorgan ducked monitor in spoofing settlement through 'significant compliance uplift,' US DOJ official says

By Richard Vanderford ( October 8, 2020, 21:05 GMT | Insight) -- JPMorgan was able to avoid a monitorship as part of its recent $920 million spoofing settlement by engaging in a "significant compliance uplift" that showed it was serious about improving its controls, senior US Justice Department official Brian Rabbitt said. "That was part of the calculus for us in not requiring an independent compliance monitor," he said. Rabbitt said spoofing remains a priority for the DOJ.JPMorgan was able to avoid a monitorship as part of its recent $920 million spoofing settlement by engaging in a "significant compliance uplift" that showed it was serious about improving its controls, a senior US Justice Department official said today....

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