CFTC Fines JP Morgan $600,000 for Violating Cotton Futures Speculative Position Limits

In news that we wish was from The Onion but was an actual fine, the CFTC announced Thursday they have fined JP Morgan $600,000 for violating speculative position limits in cotton futures.

You read that correctly, six hundred thousand dollars.

In other news, Jamie Dimon made roughly $600,000 during the time it took to down his morning latte while deleting the CFTC’s memo.

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