JPMorgan to pay $600,000 for cotton position violations

WASHINGTON (Reuters) – JPMorgan Chase Bank NA agreed to pay $600,000 to settle charges it violated cotton futures position limits, the U.S. Commodity Futures Trading Commission said on Thursday.

According to the CFTC, the bank’s positions in cotton futures traded on the IntercontinentalExchange U.S. exceeded limits on several days between September 16 and October 5, 2010.

Read on.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s