Wednesday, April 4, 2012

Reuters: Regulatory News: JPMorgan to pay $20 mln to settle Lehman case-CFTC

Reuters: Regulatory News
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JPMorgan to pay $20 mln to settle Lehman case-CFTC
Apr 4th 2012, 13:43

WASHINGTON, April 4 | Wed Apr 4, 2012 9:43am EDT

WASHINGTON, April 4 (Reuters) - The Commodity Futures Trading Commission said on Wednesday that JPMorgan Chase will pay $20 million to settle charges it unlawfully handled customer segregated funds at Lehman Brothers.

The CFTC's order also requires JPMorgan to implement reforms to ensure the proper handling of customer segregated funds in the future and to release customer funds upon notice and instruction from the CFTC.

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