Finra Fines Cost JPMorgan 3 Minutes of Profit

``The world's biggest bond dealers, including JPMorgan Chase & Co. (JPM) and Morgan Stanley, failed to properly report trades to the industry's price-tracking system more than 11,000 times. JPMorgan's penalty: About three minutes of its annual profit... JPMorgan's $95,000 penalty was the biggest imposed by Finra as it cited at least three other dealers in the past five months for similar types of violations... In one review, Finra found the violations accounted for almost 20 percent of the firm's trades of new corporate bonds with other dealers that the bank was required to report over three months in 2011.''