From October 2010 through September 2024, JPMS failed to establish procedures to assure that certain customers received margin account disclosures required by Rule 10b- 16(a)(2) of the Securities Exchange Act of 1934 (Exchange Act) on account statements. As a result, during the period of October 2010 through February 2024, the firm failed to provide certain information in its margin account disclosures required by Exchange Act Rule 10b-16(a)(2), including the annual rates of interest charged, on 56,254 account statements corresponding to 4,463 customer accounts.