JPMorgan Chase To Pay $20 Million Fine Settle Claims it Mishandled Funds From Lehman Brothers

New York City -

An agreement has been reach between JPMorgan Chase and the Commodity Futures Trading Commission, CFTC, requiring JPMorgan to pay $20 million over claims that it mishandled Lehman Brothers funds.

The CFTC claimed that JPMorgan Chase used customer funds from Lehman brothers between 2006 to 208 for their own routine business expenses, except that those funds were suppose to be segregated and used only for the specific investments they placed into.

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