FERC fines JPMorgan $410 million in power-market case

07/30/2013 | Reuters · Bloomberg · Financial Times (tiered subscription model)

The Federal Energy Regulatory Commission announced Tuesday that JPMorgan Chase agreed to pay a $410 million fine to settle allegations that it manipulated Midwest and California power markets. The penalty is FERC's second-largest ever. FERC did not cite specific JPMorgan traders, and the bank was able to settle without admitting or denying any wrongdoing.

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Reuters · Bloomberg · Financial Times (tiered subscription model)

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