The regulatory arm of the New York Stock Exchange levied trading-violations fines of $175,000 (€123,530) against JP Morgan Chase and $125,000 against former Bear Stearns units for trading ahead or alongside of customers.

JPMorgan Securities on five occasions between January 2005 and December 2006 entered proprietary trades ahead of or alongside customer orders without obtaining customer permission, NYSE Regulation said on Wednesday in its monthly regulatory report. On four occasions, the firm failed to document customer consent to trade ahead of alongside customers' orders.