JPMorgan Chase was fined $200 million by another federal regulator for failing to properly surveil billions of trades that the bank has executed since 2014. The Commodity Futures Trading Commission on Friday alleged that JPMorgan failed to capture data related to trades that its clients executed through at least 30 different trading venues. For one type of contract, JPMorgan failed to collect data on more than 99% of orders made by algorithmic trading firms, the regulator said.
Alexander Saeedy is a reporter for The Wall Street Journal, Financial News, and Cairns Post. His articles cover a wide range of topics in finance and business, including corporate restructuring, cryptocurrency, layoffs, and economic conditions. His work has also been featured in Yahoo Finance, MarketWatch, and Barron's.