StocksMedium•14 October 2026•
1 min read
Regulatory Probe Finds JPMorgan Shut Accounts Over Political Ties
Key Facts
1An investigation by a Trump regulator found that major banks, including JPMorgan, shut down accounts of MAGA sellers and Democrat groups.
An investigation by a Trump-appointed regulator found that major banks, including JPMorgan, shut down accounts of MAGA-affiliated sellers and Democrat groups. The Wall Street Journal reported that the probe detailed instances where financial institutions terminated services based on political affiliations.
JPM closed at $331.43 on October 13, 2026, as the bank faces potential legal and reputational risks from the regulatory scrutiny. Among its peers, BAC closed at $53.96, WFC closed at $80.74, and C finished the session at $124.53 on the same date.