Please call our law firm today for a no-cost review if you wish to file a whistleblower claim against JP Morgan, and were a former or are a current employee of the firm. The type of activity the SEC is most interested in, includes brokers who materially mislead investors so that they make buying and selling decisions concerning stocks that they might not have made, had they been fully and accurately informed. It also includes specific sales abuses engaged in by JP Morgan or brokers with the firm. If a JP Morgan employee submits a tip to the SEC that is original, voluntary, and results in sanctions worth more than $1,000,000, the whistleblower could be rewarded between 10 and 30 percent of the fines collected. In some cases, whistleblowers have been awarded millions of dollars for their contribution to the SEC investigation.
In February of this year, a former JP Morgan paid $30 million to a whistleblower who asked to not be identified. The award was the Commodity Futures Trading Commission’s (CFTC) fifth highest whistleblower award, since eclipsing a $10 million one in 2016. It is the CFTC’s second in excess of $1 million. The case alleged that JP Morgan did not properly disclose that it was steering asset-management customers into investments that would be profitable for the bank.
We have sued JP Morgan multiple times in FINRA arbitration claims. If you wish to report unethical conduct at JP Morgan and seek to make a whistleblower claim, please call our law firm today.
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