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