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JPMorgan implements revised compliance systems by end of 2024?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
Company press releases, SEC filings
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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