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SEC charges UBS, JPMorgan, TradeStation over deficiencies in prevention of customer identity theft

By:
Reuters
Published: Jul 27, 2022, 21:07 UTC

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission on Wednesday charged banking firms JPMorgan and UBS and online broker TradeStation over deficiencies relating to the prevention of customer identity theft.

People exit the headquarters of the U.S. Securities and Exchange Commission in Washington, D.C.

WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission on Wednesday charged banking firms JPMorgan and UBS and online broker TradeStation over deficiencies relating to the prevention of customer identity theft.

Without admitting or denying the SEC’s findings, each firm agreed to pay the following penalties: JPMorgan $1.2 million, UBS $925,000, and TradeStation $425,000, the SEC said in a statement.

(Reporting by Kanishka Singh in Washington)

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