JPMorgan Set to Pay $200 Million Fine Over Lax Staff Monitoring
- Agreement with SEC and CFTC could be reached before year-end
- Probes focus on compliance before and after start of pandemic
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JPMorgan Chase & Co. is preparing to pay roughly $200 million to resolve U.S. regulatory investigations into lapses over monitoring employee communications.
A settlement with the Securities and Exchange Commission and Commodity Futures Trading Commission could be reached before year-end, according to people familiar with the matter, although the figure is preliminary and could change. SEC commissioners have yet to vote on resolving the matter, one of the people said.