The firm disclosed the expected agreement in a filing Wednesday without identifying the regulator. The agency is the Commodity Futures Trading Commission, according to a person familiar the matter.
The biggest U.S. bank agreed in March to pay $250 million to the Office of the Comptroller of the Currency and $98 million to the Federal Reserve to settle their complaints. The OCC faulted
The deficiencies meant the firm failed to "surveil billions of instances of trading activity on at least 30 global trading venues," the regulator said at the time.
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The bank expects to pay $100 million in its anticipated settlement after "offsets" for amounts paid to the OCC and Fed. A representative for the CFTC declined to comment.
"The identified gaps represent a fraction of the overall activity" conducted by
The company doesn't expect the settlements to disrupt any services to clients.