JPMorgan to pay $100 million fine for trade reporting violations
According to insiders, US Commodity Futures Trading Commission (CFTC) is preparing to announce a settlement with JPMorgan as early as Wednesday, with a settlement amount of $100 million. As part of the agreement, JPMorgan is expected to admit to violating CFTC regulations. CFTC and JPMorgan declined to comment on the report, but JPMorgan mentioned in a previous statement that it had self-reported the violation but found no misconduct and did not cause any harm to its clients.
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