WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission on Wednesday charged banking firms JPMorgan and UBS and online broker TradeStation over deficiencies relating to the prevention of customer identity theft.

Without admitting or denying the SEC’s findings, each firm agreed to pay the following penalties: JPMorgan $1.2 million, UBS $925,000, and TradeStation $425,000, the SEC said in a statement.

(Reporting by Kanishka Singh in Washington)

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