SEC Press Release, Jan 16—
J.P. Morgan to Pay $18M for Violating #Whistleblower Protection Rule
Gurbir S. Grewal, Dir of Enforcement division:
> [JP Morgan] forced certain clients into the untenable position of choosing between receiving settlements or credits from the firm & reporting potential securities law violations to the SEC...not only undermined critical investor protections & placed investors at risk but was also illegal
https://www.sec.gov/news/press-release/2024-7
#jpmorgan #jpm #sec #penalty #banking