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JPMorgan Chase & Co To Pay $100 Million To Settle With Cftc On Whale Trades-Reuters


Tuesday, 15 Oct 2013 10:20pm EDT 

Reuters reported that according to the Wall Street Journal JPMorgan Chase & Co has reached an agreement with the Commodity Futures Trading Commission to pay $100 million to settle charges related to the bank's London Whale trading scandal, according to media reports. The U.S. derivatives regulator is expected to leverage new powers granted to it by the Dodd-Frank financial law and fine JPMorgan for the reckless use of so-called manipulative devices. 

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