JPMorgan Chase & Co. anticipates shelling out more than $350 million to resolve allegations from regulators concerning its failure to input trading information into market-surveillance systems. The largest bank in the United States disclosed this on Friday in its annual filing, stating that it is nearing agreements with two US regulatory bodies and is in advanced discussions with a third.

The bank revealed that it identified issues with certain trading and order data not being transmitted to its trade-surveillance platforms within its commercial and investment banking arm. However, JPMorgan assured that there would be no disruption of service to clients due to these settlements.

Despite being the home of Wall Street's biggest trading operation, JPMorgan emphasized that the data lapses affected only a small portion of the division's overall activities. Nonetheless, the volume of data associated with one particular venue was described as "significant" in the bank's filing. It clarified that there was no evidence of employee misconduct or any harm to clients or the market. The bank has already enhanced its controls and is close to completing a review of the initially unmonitored data.

In addition to the trade data issue, JPMorgan disclosed that it is addressing inquiries from US authorities regarding its handling of disputes related to Zelle fund transfers. Furthermore, the bank cautioned about facing legal action in Russia, where it may be pursued for payments on transactions prohibited by sanctions laws. JPMorgan noted the potential risk of having assets seized in Russia as a consequence of these legal challenges.