The US securities and Exchange Commission (SEC) has fined US financial companies JP Morgan Chase & Co and Trade Station for “deficient customer identity programs.” In addition, the Consumer Financial protection Bureau fined US Bancorp for opening unauthorized accounts. The fines for the three companies totaled $3.5 million. Ref https://www.scmagazine.com/analysis/identity-and-access/us-financial-firms-face-growing-regulatory-fines-for-poor-security-management
