Financial 15 Split Corp T.FTN

Alternate Symbol(s): T.FTN.P.A | FNNCF

Financial 15 Split Corp. is a mutual fund, which invests in a portfolio consisting of over 15 financial services companies. The Company offers two types of shares, such as Preferred Shares and Class A Shares. Its investment objectives with respect to Preferred Shares are to provide holders of Preferred Shares with cumulative preferential monthly cash dividends in an amount of over 6.75% annually and to pay the holders of the Preferred Shares approximately $10 per Preferred Share on or about the termination date. Its investment objectives with respect to Class A Shares are to provide holders of Class A Shares with regular monthly cash distributions and to permit holders to participate in all growth in the net asset value of the Company over $15 per unit, by paying holders on or about the termination date such amounts as remain in the Company after paying over $10 per Preferred Share. The Company’s investment manager is Quadravest Capital Management Inc.

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Financial 15 Split Corp

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Post by mousermanon Mar 14, 2024 12:25pm

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Post# 35932935

JPM fined 348 million $

JPMorgan Chase & Co. has been fined a total of $348.2 million by the U.S. Federal Reserve and the Office of the Comptroller of the Currency for failing to keep track of all of its trading activities, regulators said Thursday.

The fine includes $98.2 million for an “an inadequate program to monitor firm and client trading activities for market misconduct” from the Federal Reserve as well as $250 million from the Office of the Comptroller of the Currency.

JPMorgan Chase’s stock JPM was down 1.2% in recent trades.

“The OCC found that JPMC operated with gaps in trading venue coverage and without adequate data controls required to maintain an effective trade surveillance program,” the OCC said in a statement.

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