07:22 AM EDT, 05/24/2024 (MT Newswires) -- JPMorgan Chase's ( JPM ) J.P. Morgan Securities unit will pay a $200 million civil penalty to settle Commodity Futures Trading Commission charges of failing to diligently supervise its business as a CFTC registrant, the regulator said late Thursday.

According to the CFTC, J.P. Morgan failed to capture billions of orders by clients in its surveillance systems.

The agency said the penalty could be offset by $100 million from a previous penalty against JPMorgan Chase Bank and JPMorgan Chase & Co. ( JPM ) by the Office of the Comptroller of the Currency concerning surveillance gaps and the resolution with J.P. Morgan Chase Bank concerning surveillance gaps by the Federal Reserve.

Under the settlement deal, JP Morgan Securities admitted it violated CFTC regulations, but "otherwise neither admits nor denies the findings of fact."

The order also requires JP Morgan Securities to cease and desist from further violations of the CFTC's supervision requirements.

JPMorgan Chase ( JPM ) did not immediately respond to a request for comment by MT Newswires.

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