Finance
JPMorgan Didn’t Monitor Billions of Client Orders, CFTC Says
- Bank to pay CFTC $100 million over monitoring lapses
- Monitoring issues stretch back to 2014, futures watchdog says
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JPMorgan Chase & Co. failed to properly monitor billions of client orders between 2014 and 2021, according to the Commodity Futures Trading Commission.
The CFTC said Thursday the bank would pay $100 million to settle a multiyear probe into JPMorgan’s trade monitoring, in addition to fines it’s already agreed to pay the Federal Reserve and Office of the Comptroller of the Currency.