The CFTC on April 4 ordered JPMORGAN to pay a $20 million fine for actions the agency said contributed to the collapse of Lehman Brothers during the 2008 financial crisis

摘要

The CFTC on April 4 ordered JPMORGAN to pay a $20 millionnfine for actions the agency said contributed to the collapsenof Lehman Brothers during the 2008 financial crisis.nJPMorgan said in a statement that it would pay the fine, butndenied it violated the law intentionally and said no customernmoney was ever used to cover Lehman’s debt. The CFTC,nwhich said it was simultaneously filing and settling chargesnagainst JPMorgan, said that from at least November 2006nJPMorgan had been illegally calculating Lehman Brothers’ net free equity by including Lehman’s customer segregatednfunds in its calculation, a violation of both the CommoditynExchange Act and CFTC regulations.