January 11, 2017

J.P. Morgan Securities LLC was ordered to pay a $900,000 civil monetary penalty by the CFTC for failing to diligently supervise its officers’, employees’, and agents’ processing of exchange and clearing fees it charged customers for trading and clearing on the Chicago Mercantile Exchange. The penalty covers the failures from 2010-2014. This is the third action the CFTC has brought over a clearing firm’s supervisory failures over fee processing. CFTC

Tagged in: Fraud in CFTC-Regulated Markets,