JPMorgan's Whistleblower Obstacle Settlement
JPMorgan Chase has agreed to pay $18 million for settling SEC charges of impeding whistleblowing by requiring clients to sign confidentiality agreements that restricted their ability to report legal violations.
- The SEC identified at least 362 cases where customers, in order to receive settlements, had to forego their rights to voluntarily report to the agency.
- JPMorgan Chase has committed to halting practices that prevent individuals from contacting the SEC with evidence of wrongdoing, although the bank neither admitted nor denied the findings.
https://www.theinformation.com/briefings/jpmorgan-fined-18-million-for-whistleblower-breaches
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2024-01-16 19:33:11
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npub1dwegu7taqadap2pzw6dszulc6r7gwmldawjpdrersuykxxlyzfeskds9g9Published at
2024-01-16 19:33:11Event JSON
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"content": "JPMorgan's Whistleblower Obstacle Settlement\n\nJPMorgan Chase has agreed to pay $18 million for settling SEC charges of impeding whistleblowing by requiring clients to sign confidentiality agreements that restricted their ability to report legal violations.\n\n - The SEC identified at least 362 cases where customers, in order to receive settlements, had to forego their rights to voluntarily report to the agency.\n\n - JPMorgan Chase has committed to halting practices that prevent individuals from contacting the SEC with evidence of wrongdoing, although the bank neither admitted nor denied the findings.\n\nhttps://www.theinformation.com/briefings/jpmorgan-fined-18-million-for-whistleblower-breaches",
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