JPMorgan Has Denied CFTC Charges [REPORT]

The Commodity Futures Trading Commission seems to be moving toward fighting a case against JPMorgan Chase & Co (NYSE:JPM). The investment bank is denying that it manipulated the credit markets as part of the London Whale trades that lost the company more than $6 billion. CNBC reported the news earlier today.

The denial of wrongdoing decreases the chances that a settlement will be reached between the CFTC and JPMorgan Chase & Co (NYSE:JPM). That could mean a lengthy court battle between the two. Traders reacted negatively to the news on today's market and JPMorgan had lost...