Earlier quoted context omitted.
Fines? You mean detention.
Can’t you pay to get out of detention in the US?
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JP Morgan fined by SEC for deleting email records
71–80 of 254 posts
Re: JP Morgan fined by SEC for deleting email records
#72As someone who worked in finance I call b.s.
When you need to do any infrastructure change not to mention data manipulation it takes million signatures and meetings. Like 13 meetings to deal with one ex employee corporate cloud folder.
Unless they end up in court. Then somehow million things happen on their own in their benefit.
Re: JP Morgan fined by SEC for deleting email records
#73Reminds me of the Dutch government who "accidentally" deleted confidential documents that were related to the formation of a new government. The process is under investigation, and the documents containing transcripts of conversations could be used as evidence against some political figures. This is even more remarkable, since government bodies are typically very sloppy if it comes to document retention.
Re: JP Morgan fined by SEC for deleting email records
#74I’ve made this kind of accident before. Within my first 6 months there was a massive internal investigation of someone entering the building without authorization, as they had made their own keycard. I had been asked to analyze a machine’s event log to see what happened, and on a Teams meeting with a dozen people proceeded to right click the event log and mistakenly hit clear, unconsciously accepting the dialogue box…
> right click the event log and mistakenly hit clear
Had you immediately pulled the plug on the machine at that point, you would almost certainly have been able to recover the event log. Sure, it would have been many days effort, but probably better than failing to get evidence of a suspected evil do-er.
Re: JP Morgan fined by SEC for deleting email records
#75$4 million feels like chump change. I'd imagine JP Morgan globally earns that amount in less than an hour.
Re: JP Morgan fined by SEC for deleting email records
#76Earlier quoted context omitted.
Fines? You mean detention.
Can’t you pay to get out of detention in the US?
Do you mean bail? The only thing bail does is get the defendant out of jail until the trial, and the only (Constitutional) reason to jail someone before trial is to make sure they show up.
E.g. Elizabeth Holmes got out on bail, but just recently went in to serve her sentence.
Re: JP Morgan fined by SEC for deleting email records
#77I work for a large bank and can confirm that I can only see the last 6 months of emails. I assume this archiving rule just got applied too liberally. However, I doubt that will assuage the conspiracy theorists.
Everyone thinks it's malicious. I'm more likely to believe it was a poorly-trained IT person who thought they were in the test environment, or something along those lines.
Re: JP Morgan fined by SEC for deleting email records
#78If it weren't so depressing it'd be incredibly hilarious how blatant and open the corruption here is, as if anyone on planet earth is gonna buy this BS story. The fines for these types of accidents should be starting with the letter B and ending with illions, lets see how often these types of mistakes happen in the future afterwards.
Fines? You mean detention.
Taking away many billions from billionaires is worse for them than detention.
Re: JP Morgan fined by SEC for deleting email records
#79I’ve made this kind of accident before. Within my first 6 months there was a massive internal investigation of someone entering the building without authorization, as they had made their own keycard. I had been asked to analyze a machine’s event log to see what happened, and on a Teams meeting with a dozen people proceeded to right click the event log and mistakenly hit clear, unconsciously accepting the dialogue box…
Out of curiosity, were you also the one who made the keycard?
Ha, this comment reminds me of the Robert Hanssen, the infamous FBI spy. At one point he was put in charge of the internal effort to find "the spy".
Re: JP Morgan fined by SEC for deleting email records
#80If it weren't so depressing it'd be incredibly hilarious how blatant and open the corruption here is, as if anyone on planet earth is gonna buy this BS story. The fines for these types of accidents should be starting with the letter B and ending with illions, lets see how often these types of mistakes happen in the future afterwards.
Fines? You mean detention.
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