The settlements announced on Thursday by JPMorgan Chase over the “London Whale” trading included a much-anticipated admission of wrongdoing in its resolution with the Securities and Exchange Commission.
But the bank has been unwilling to make such an admission in dealing with the Commodity Futures Trading Commission, which has notified it of a planned enforcement action for its trading.
If one is willing to admit to violating the law, why agree to settle with one agency but not another?
via In JPMorgan Settlement, Testing the Lines of Admitting Wrongdoing – DealBook
