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JPMorgan Chase to Pay $100 million for Transaction Reporting Violations

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2024-05-22 19:59:14
The US Commodity Futures Trading Commission is preparing to announce a $100 million settlement with JPMorgan Chase as early as Wednesday, according to people familiar with the matter. As part of the agreement, JPMorgan is expected to admit to violating CFTC rules. The CFTC and JPMorgan declined to comment on the report, but JPMorgan noted that previous statements said it had self-reported the violations but found no wrongdoing or harm to customers.
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