JPMorgan Failed to Monitor Billions of Client Orders, CFTC Says

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

The CFTC on Thursday said the bank would pay a $200 million fine over the gaps in its trade-surveillance program. Some of the penalty would be covered by agreements that JPMorgan reached with bank regulators in March, according to the CFTC.