[Traster]

I think one of the things people ought to remember with these cases is that this is probably really bad for JPM - over the years this took place the traders will have been taking a huge portion of these profits as bonuses getting incredibly wealthy. Then the CFTC comes along and goes "This is illegal, we're taking all the profits you made from this trading + $500m in fines" at which point JPM has already paid out most of the profits to the traders, so not only do they have a massive fine, lose most of the profit from their trading on those desks for best part of a decade, they've already paid the traders a shit tonne for the liability they incurred. I had a look at their accounts but it's very difficult to tell how much JPM really made on these trading desks over that time (even ballpark) but it may well be that this fine means that JPM would essentially have been better not being in this business at all.