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CFTC: Supporting Statement of Commissioner Dan M. Berkovitz Regarding Historic Penalty Against JPMorgan and Opposing 'Bad Actor' Waiver
September 30, 2020
WASHINGTON, Sept. 30 -- The Commodity Futures Trading Commission issued the following statement on Sept. 29 by Commissioner Dan M. Berkovitz:

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I support today's Commission action ordering JPMorgan/1 to pay $920 million--the largest monetary settlement in this agency's history--for manipulating the precious metals and U.S. Treasury futures markets. However, I oppose the CFTC's determination that JPMorgan's conduct should not result in any disqualifications under the . . .

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