According to Foresight News, an insider has revealed that JPMorgan Chase plans to pay a $100 million fine for violating the trading reporting rules of the U.S. Commodity Futures Trading Commission (CFTC). A spokesperson for JPMorgan declined to comment, but referred to the bank's previous statement that it had self-reported the regulatory violations, and found no improper conduct or harm to customers.
In a previous instance, JPMorgan 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 transactions on at least 30 global exchanges.