May 23 (Reuters) - JPMorgan Chase & Co ( JPM ) will pay

$100 million and admit it broke U.S. Commodity Futures Trading

Commission rules in connection with trade reporting lapses, the

regulator said on Thursday.

The bank discovered and reported to the agency finding

significant gaps in its trading data and order surveillance in

June 2021, in some cases dating back to 2013, regulators found.

The gaps meant the bank violated rules for CFTC-registered

entities on reporting of trade data, regulators said in their

order.

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.

Reuters reported on Wednesday that the bank would be paying

$100 million and admitting to wrongdoing. The admission is a win

for the CFTC, which has increasingly been pushing for admissions

of guilt when agreeing to settle with companies over misconduct.

Financial firms typically push back against such admissions

in both civil and criminal matters, as it can open them up to

additional costs from private litigation. But Democratic CFTC

Commissioners and its enforcement director have highlighted the

importance such admissions in boosting accountability.

"All too often, and in far too many instances, enforcement

matters are resolved without an acknowledgment of the mistakes,

misconduct, or compliance failures at the center of the

enforcement action," Commissioner Kristin Johnson said in a

statement on Thursday about the JPMorgan ( JPM ) settlement.