We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

JPMorgan To Pay CFTC $65M Over ISDAfix Rigging

Law360 (June 18, 2018, 6:56 PM EDT) -- The Commodity Futures Trading Commission said Monday that banking giant JPMorgan Chase has agreed to pay a $65 million civil penalty for allegedly trying to manipulate a global benchmark tied to an array of interest-rate related derivative products such as swaps and options.

The CFTC outlined an alleged scheme in which JPMorgan attempted to manipulate the U.S. Dollar International Swaps and Derivatives Association Fix. (AP) In a 24-page order, the CFTC outlined an alleged five-year scheme beginning in January 2007 during which JPMorgan attempted to manipulate...
To view the full article, register now.