CFTC Sanctions JPMorgan Over Handling of Lehman Customer Funds

Resurging enforcement officials at the Commodity Futures Trading Commission brought another significant enforcement action this week. The settled proceeding was against JPMorgan Chase Bank, N.A. It arose out of the unlawful handling of customer segregated funds belonging to Lehman Brothers Inc. customers...

JPMorgan to Pay $20 Million for Alleged Misuse of Lehman Funds

WASHINGTON, D.C. - (Mealey's) JPMorgan Chase Bank NA on Wednesday agreed to pay $20 million to settle a U.S. Commodity Futures Trading Commission (CFTC) suit alleging that it mishandled Lehman Brothers Inc. customers' funds during Lehman's collapse ( In re: JPMorgan Chase Bank NA , No...