Additionally, supervisory failures compounded the issue, with J.P. Morgan Securities seen as lacking robust procedures to ensure compliance with FINRA rules on short interest reporting. J.P. Morgan's inaccurate reporting was deemed a violation of FINRA Rules 4560 and 2010, as well as their NASD predecessors. FINRA added that the firm has since enhanced policies and periodic reviews to address the reporting lapses. Alongside the fine, J.P. Morgan received a formal censure. The bank accepted the findings and sanctions without admitting or denying them, waiving its right to contest the case further.