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.