JPMorgan Didn’t Monitor Billions of Client Orders, CFTC Says (1)

JPMorgan Chase & Co. failed to properly monitor billions of client orders between 2014 and 2021, according to the Commodity Futures Trading Commission.

The CFTC said Thursday the bank would pay $100 million to settle a multiyear probe into JPMorgan’s trade monitoring, in addition to fines it’s already agreed to pay the Federal Reserve and Office of the Comptroller of the Currency.

In 2021, while on-boarding a new exchange, JPMorgan staff discovered significant gaps in its surveillance of trade data, according to the CFTC. Billions of orders over seven years were not being monitored by the bank across ...