CFTC ACTION: J. P. Morgan Futures Inc.

The CFTC filed and settled charges against J. Morgan Futures Inc. The registered futures commision merchant violated rules governing segregation of customer funds, timely computation of its segregation obligations, timely reporting of under-segregation deficiency, and diligent supervision of its employees. The CFTC order imposes a $300,000 civil monetary penalty on JPMF and requires that JPMF implement enhanced procedures to assure adherence to rules governing segregation of customer funds.

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