International derivatives marketplace CME Group has posted a notice of disciplinary action against J.P. Morgan Securities LLC.

Pursuant to an offer of settlement in which J.P. Morgan Securities LLC (JPMS) neither admitted nor denied the rule violation or factual findings upon which the penalty is based, a Panel of the Commodity Exchange Inc. (“COMEX”) Business Conduct Committee found that on April 15, 2025, JPMS did not maintain the total amount required to be on deposit in secured 30.7 accounts.

The deficiency was due to an erroneous transfer of funds from a customer secured 30.7 bank account to a 1.20 customer segregated bank account. JPMS cured the deficiency by transferring firm funds into the secured 30.7 account on the morning of April 16, 2025.

The Panel concluded that JPMS thereby violated COMEX Rule 971.A.1.

In accordance with the settlement offer, the Panel ordered JPMS to pay a $50,000 fine.