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JPMorgan Penalized $225K for Reporting Errors

March 31, 2016 by Eugene Grygo

Officials at JPMorgan Ventures Energy Corp. (JPMVE) and JPMorgan Chase, N.A. (JPMCB) have an idea of how much errors in large trader reports (LTRs) will cost them as the CFTC recently issued an order settling charges and imposing a $225,000 civil monetary penalty. For the Large Trader Reporting program, the CFTC operates “a comprehensive system… Read More >>

Filed Under: Derivatives Operations, Operational Risk, AML/Fraud/Financial Crime, Regulation & Compliance, Derivatives, Regulatory Compliance Tagged With: CFTC, commodities, counterparty risk, FCMs, fines, JPMorgan Chase, JPMorgan Ventures Energy, swaps, trade reporting

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