JPMorgan broker subsidiary admits to manipulative trading in U.S. Treasuries, agrees to pay $35 million in SEC order

WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Tuesday said it has charged a broker-dealer subsidiary of JPMorgan Chase & Co. for fraudulently engaging in manipulative trading of Treasury securities.

J.P. Morgan Securities LLC admitted to the findings in the SEC’s order, and agreed to pay disgorgement of $10 million and a civil penalty of $25 million to settle the action.

(Reporting by Katanga Johnson; Editing by Chizu Nomiyama)