JP Morgan Chase Is Poised To Admit Wrongdoing As Part Of $100M Settlement With Commodity Futures Trading Commission Over Trade Reporting Failures; CFTC Settlement Could Be Announced As Soon As Wednesday
Portfolio Pulse from Benzinga Newsdesk
JP Morgan Chase is expected to admit wrongdoing as part of a $100 million settlement with the Commodity Futures Trading Commission (CFTC) over trade reporting failures. The settlement could be announced as soon as Wednesday, according to Reuters citing sources.
May 22, 2024 | 6:58 pm
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JP Morgan Chase is poised to admit wrongdoing in a $100 million settlement with the CFTC over trade reporting failures. This settlement could be announced as soon as Wednesday.
The admission of wrongdoing and the $100 million settlement with the CFTC over trade reporting failures is likely to negatively impact JP Morgan Chase's stock price in the short term. Legal and regulatory issues typically create uncertainty and can lead to a loss of investor confidence.
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