WASHINGTON Jan 11 The U.S. Commodity Futures
Trading Commission said on Wednesday it ordered J.P. Morgan
Securities LLC to pay $900,000 to settle charges it had failed
to properly supervise employees over fees charged to customers
trading on the Chicago Mercantile Exchange.
The CFTC said in a statement the company, a unit of JPMorgan
Chase & Co, had failed to implement and maintain
adequate systems for reconciling invoices from exchange
clearinghouses with the amounts of fees actually charged to its
customers from 2010 to 2014.
(Reporting by Tim Ahmann; Writing by Eric Walsh; Editing by Tom