JPMorgan fined $850,000 for alleged swap reporting failures

This post was originally published on this site

The commission found that the bank failed to report nearly 2.1 million short-dated foreign exchange swap transactions from September 2015 to February 2020.

The bank has said it disclosed all the previously unreported swap transactions that it was obligated to, according to the CFTC.

A spokesperson for JPMorgan did not immediately respond to a Reuters request for comment.