TALLAHASSEE, Florida \u2014 November 8, 2025.<\/strong> Florida Attorney General James Uthmeier<\/strong> announced Friday that his office has launched a state investigation into JP Morgan Chase<\/strong>, alleging that the bank may have improperly coordinated with the Department of Justice<\/strong> during an inquiry tied to former President Donald Trump\u2019s media company<\/strong>.<\/p>\n\n\n\n In a one-minute video statement filmed in front of U.S. and Florida flags, Uthmeier said the probe will examine whether JP Morgan engaged in \u201cunfair or deceptive practices\u201d<\/em> when it allegedly closed accounts linked to Trump Media & Technology Group (TMTG)<\/strong> in coordination with Special Counsel Jack Smith\u2019s \u201cOperation Arctic Frost.\u201d<\/strong><\/p>\n\n\n\n \u201cWe\u2019ve launched an investigation into JP Morgan Chase,\u201d Uthmeier said. \u201cWhile coordinating with the Biden DOJ, the bank \u2018de-banked\u2019 Trump Media Group based here in Florida \u2014 damaging the company just before it went public.\u201d<\/p>\n\n\n\n According to Uthmeier, the DOJ subpoenaed JP Morgan on March 28, 2023<\/strong>, seeking all records tied to TMTG \u2014 including periods before the company existed. Shortly afterward, the bank began questioning prior transactions and allegedly flagged sensitive client data for review, raising concerns that private banking information was shared with federal investigators.<\/p>\n\n\n\n The Attorney General said his office is investigating whether such actions violated Florida\u2019s consumer-protection laws<\/strong> or amounted to political discrimination against state-based businesses. \u201cWe have grave concerns about the growing weaponization of financial institutions,\u201d he said.<\/p>\n\n\n\n The probe follows revelations from the U.S. Senate Judiciary Committee<\/strong>, which has been reviewing potential political coordination between banks and federal agencies. Uthmeier said Florida would \u201cnot sit idly by\u201d while national institutions \u201ctarget Floridians for political reasons.\u201d<\/p>\n\n\n\n JP Morgan Chase declined to comment on the investigation, stating only that it \u201ccomplies with all lawful subpoenas and investigations.\u201d The DOJ and Special Counsel Jack Smith\u2019s office have not issued public responses.<\/p>\n\n\n\n Legal analysts note that while state investigations cannot directly intervene in federal matters, they can scrutinize consumer-data handling<\/strong> and banking practices<\/strong> under Florida law \u2014 potentially creating new tensions between state regulators and the Biden administration.<\/p>\n\n\n\n The announcement marks another escalation in the ongoing standoff between Trump-aligned state officials<\/strong> and federal prosecutors, underscoring how political and financial conflicts continue to intertwine heading into 2026.<\/p>\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" UTHMEIER ALLEGES BANK COORDINATED WITH BIDEN DOJ AND JACK SMITH IN \u201cOPERATION ARCTIC FROST\u201d TALLAHASSEE, Florida \u2014 November 8, 2025. Florida Attorney General James Uthmeier announced Friday that his office has launched a state investigation into JP Morgan Chase, alleging that the bank may have improperly coordinated with the Department of Justice during an inquiry […]<\/p>\n","protected":false},"author":2,"featured_media":2556,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[98,517,291,42,514,290,515,31,516],"class_list":["post-2555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-biden","tag-doj","tag-finance","tag-florida","tag-investigation","tag-jpmorgan","tag-operationarcticfrost","tag-trump","tag-uthmeier"],"yoast_head":"\n