NEW YORK, May 22 (Reuters) - The U.S. Commodity Futures

Trading Commission is expected as soon as Wednesday to announce

a $100 million settlement with JPMorgan Chase & Co ( JPM ) over

trade reporting lapses, a source with direct knowledge of the

matter told Reuters.

The bank is expected to admit that it broke the agency's

rules as part of that deal, the person said.

A spokesperson for the CFTC declined to comment. A JPMorgan ( JPM )

spokesperson declined to comment, but referred to previous

statements that the bank self-reported the violation and that it

found neither misconduct nor any harm to customers.