A subsidiary of JPMorgan Chase will pay an additional $100 million to the Commodity Futures Trading Commission (CFTC) to settle charges it failed to adequately monitor and supervise its trading system.
The CFTC announced a $200 million fine Thursday against JPMorgan Securities for trade surveillance gaps created during the onboarding of a new system in 2021. The CFTC’s fine will be offset by $100 million, money the bank will pay to the Treasury Department’s Office of the Comptroller of the Currency and the Federal Reserve Board as part of a $348 million settlement announced in March for related trade surveillance failures.
