JPMorgan (JPM) to Pay $100M Penalty for Trade Reporting Lapses
JPMJP MORGAN CHASE(JPM) zacks.com·2024-05-24 01:05

JPMorgan (JPM) is expected to pay $100 million to the U.S. Commodity Futures Trading Commission (“CFTC”) to settle claims related to trade reporting lapses. The news was reported by Reuters, citing a source with direct knowledge of the matter.Per the source, the Wall Street giant has also agreed to admit as part of the deal that it broke the agency’s rules.While the admission has not been reported previously, it would benefit the CFTC, which has been trying to pester firms to assume more accountability for ...