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Market
Impact of fines on JPMorgan's annual profit by end of 2024
5
Resolution / Starting Odds
Profit increase • 33%
Profit decrease • 33%
No significant change • 34%
Annual financial reports
Story
JPMorgan to Pay $100 Million for Trade Reporting Violations, $200 Million for Supervision Failures
May 23, 2024, 09:26 PM
JPMorgan Chase is set to pay $100 million and admit wrongdoing as part of a settlement with the U.S. Commodity Futures Trading Commission (CFTC) over trade reporting failures. The CFTC is expected to announce the settlement as soon as May 22, according to sources with direct knowledge of the matter. The settlement addresses lapses in JPMorgan's trade reporting practices, which violated CFTC regulations. Additionally, JPMorgan will pay $200 million for supervision failures, according to the CFTC.
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Similar markets
Implement similar controls • 33%
No change in controls • 33%
Revise existing controls without major overhaul • 34%
Major operational overhaul • 33%
Minor operational adjustments • 34%
No significant changes • 33%
No further fines • 25%
Fines less than £50 million • 25%
Fines between £50 million and £100 million • 25%
Fines exceeding £100 million • 25%
Increase • 33%
Decrease • 33%
No significant change • 34%
Significant improvement • 25%
Moderate improvement • 25%
No significant change • 25%
Worsened financial performance • 25%
No significant change • 25%
Decrease in major indices • 25%
Increase in major indices • 25%
Mixed reactions across indices • 25%
No Action • 25%
Fine Imposed • 25%
Restrictions on Operations • 25%
Other Penal Actions • 25%
Increased scrutiny • 33%
No change in scrutiny • 34%
Decreased scrutiny • 33%
Increase in stock price • 33%
Decrease in stock price • 33%
No significant change • 34%