The Commodity Futures Trading Commission filed an
enforcement action against the Royal Bank of Canada alleging a years long,
riskless wash sale scheme conducted by a small group of RBC personnel to
generate certain lucrative Canadian tax benefits. The trades were not conducted
in an arms-length manner...
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
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...