J.P. Morgan Securities LLC Agrees to Pay $140,000 Penalty for Confirming the Execution of a Prearranged Trade on the CBOT
03/08/2012 03:33 PM EST
The CFTC issued an order filing and simultaneously settling charges against futures commission merchant J.P. Morgan Securities LLC of New York, N.Y., for confirming the execution of a prearranged trade of ten year U.S. Treasury Note Futures spreads, which was a fictitious sale and noncompetitively executed on the Chicago Board of Trade.
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