MAS Imposes S$2.4 Million Penalty on JPMorgan Over Misconduct by Relationship Managers
The JPMorgan misconduct fine has caught attention as the Monetary Authority of Singapore (MAS) imposed a S$2.4 million penalty. This fine stems from the actions of relationship managers who breached key regulatory obligations. The penalty reflects MAS’s commitment to upholding high standards in the financial sector. What Happened? JPMorgan’s relationship managers engaged in improper activities…