JPMorgan Chase & Co. has been fined a total of $348 million by the Federal Reserve and the Office of the Comptroller of the Currency for inadequate trade surveillance and reporting. The fines are a result of the bank's failure to adequately monitor its employees' and clients' trading activities for market misconduct since 2019. This enforcement action highlights the bank's shortcomings in its program to monitor firm and client trading activities. This is not the first time JPMorgan has faced regulatory scrutiny; since 2000, the bank has paid over $39 billion in fines, settlements, and other penalties for at least 275 violations.