Tags: jpmorgan chase | cftc | trade | reporting | violations

JPMorgan to Pay $100M for CFTC Trade Reporting Violations

JPMorgan to Pay $100M for CFTC Trade Reporting Violations
(AP)

Wednesday, 22 May 2024 03:08 PM EDT

The U.S. Commodity Futures Trading Commission is expected as soon as Wednesday to announce a $100 million settlement with JPMorgan Chase & Co over trade reporting lapses, a source with direct knowledge of the matter told Reuters.

The bank is expected to admit that it broke the agency's rules as part of that deal, the person said.

A spokesperson for the CFTC declined to comment. A JPMorgan spokesperson declined to comment, but referred to previous statements that the bank self-reported the violation and that it found neither misconduct nor any harm to customers.

© 2024 Thomson/Reuters. All rights reserved.


StreetTalk
The U.S. Commodity Futures Trading Commission is expected as soon as Wednesday to announce a $100 million settlement with JPMorgan Chase & Co over trade reporting lapses, a source with direct knowledge of the matter told Reuters.
jpmorgan chase, cftc, trade, reporting, violations
93
2024-08-22
Wednesday, 22 May 2024 03:08 PM
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