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the cftc has just ordered jp morgan to pay a massive fine in relation to swap reporting failures this shows the cftc and the sec arenamp;#39;t afraid to investigate illegal swaps and arenamp;#39;t afraid to issue fines and other penalties it opens the door into future swap reporting violations in relation to amc so stay tuned letamp;#39;s make some money this is the cftc filed and settled charges against jpmorgan chase provisionally registered swap dealers for failing to comply with their reporting obligations as swap dealers the order requires jp morgan to pay an 850 000 civil monetary penalty and to cease and desist from any further violations of the cftc regulations the order specifically finds that from september 2015 to february 2020 jp morgan failed to report approximately 2.1 million short-dated foreign exchange fx swap transactions now the crazy part is that these unreported short dated swap transactions represented approximately 51 of the total number of swaps that jp morga