Insiders: JPMorgan plans to pay $100 million fine for violating CFTC trading reporting rules

ChainCatcher news, according to a report by Reuters, sources say that JPMorgan Chase plans to pay a $100 million fine for violating the trading reporting rules of the Commodity Futures Trading Commission (CFTC).

A spokesperson for JPMorgan declined to comment but referred to the bank's previous statement, which said, "We self-reported the violations, and no misconduct was found, nor was there any harm to clients."

It is reported that JPMorgan previously agreed to pay $348.2 million to U.S. banking regulators. The banking regulators stated that from 2014 to 2023, JPMorgan failed to properly monitor billions of trades across at least 30 global exchanges.