JPMorgan poised to pay $100 million over CFTC trade reporting violations, source says
By Chris Prentice and Nupur Anand
NEW YORK, May 22 (Reuters) -The U.S. Commodity Futures Trading Commission is expected as soon as Wednesday to announce a $100 million settlement with JPMorgan Chase & Co JPM.N over trade reporting lapses, a source with direct knowledge of the matter told Reuters.
The bank is expected to admit that it broke the agency's rules as part of that deal, the person said.
A spokesperson for the CFTC declined to comment. A JPMorgan spokesperson declined to comment, but referred to previous statements that the bank self-reported the violation and that it found neither misconduct nor any harm to customers.
Reporting by Chris Prentice and Nupur Anand in New York; editing by Lananh Nguyen and Michelle Price
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