CFTC officials have settled a benchmark manipulation case against ICAP Capital Markets (ICAP) via an order that requires the firm, now known as Intercapital Capital Markets, to pay a $50 million civil monetary penalty, officials say The regulator is alleging that the firm, a NEX subsidiary company, used certain brokers to help facilitate attempts by… Read More >>
JPMorgan Pays $65M to Settle ISDAFIX Case
The CFTC has settled its benchmark manipulation case against JPMorgan Chase (JPMC) via an order that requires the firm to pay a $65 million civil monetary penalty, and to strengthen its internal controls and procedures to prevent any future attempts to fix interest-rate swaps benchmarks. The order settles charges that JPMC attempted to manipulate the ISDAFIX benchmark “over… Read More >>
