UK Financial Services Authority JP Morgan Chase out of the ticket record.

<P> UK Financial Services Authority (FSA) of JP Morgan Chase (JPMorgan) impose a £ 33,320,000 securities sector (together $ 49,000,000) fine, this is the history of the British financial regulator fined the maximum out because .The company fails to protect the billions of dollars of customer funds, there is no separation of its deposit accounts. .</ P> <P> in the global financial crisis, during the worst of the futures and options, JP Morgan departments will be up to 230 billion of institutional clients with capital and own funds into the account of JP Morgan is not isolated. .If the bank was in financial trouble, pension funds and hedge funds and other clients may face the loss. .</ P> <P> due to similar problems, the United States is bankrupt investment bank Lehman Brothers (LehmanBrothers) the insolvency administrator still trying to clean up its books, the judge handling the Lehman related litigation funding for FSA supervision of the client work .criticism. .</ P> <P> FSA of the penalty, is it to Royal Dutch Shell had (RoyalDutchShell) out of 17 million pounds a record fine of twice. .This punishment is for banks and brokers FSA protection of customer funds as part of a wider investigation. .FSA is to focus on the wholesale area - in the field, an organization bankruptcy to other agencies are more likely to get involved. .</ P> <P> FSA enforcement director Margaret Cole • (MargaretCole), said: "This punishment, large and small organizations to send a strong signal - they must ensure that customer funds were in accordance with the provisions of FSA .isolation. Financial institutions must correct their attitude concerned about this action, we will handle more cases. "</ P> <P> JP Morgan Chase declined to comment. .FSA said in July 2009, JP Morgan found that this issue be reported to the FSA, which in the early stages of a settlement with the FSA, and has received a penalty discount. .This fine is equivalent to futures and options department of JP Morgan Chase during the above average amount of customer funds held by 1%. .</ P>.