The SEC is expected to present the largest whistleblower award in its history – possibly $70.6 million or more to be shared by two whistleblowers in a case involving a former adviser at JPMorgan Chase – according to a SEC letter released by one of the whistleblowers.
The award results from information that led to a record $307 million in regulatory fines against JPMorgan in 2015. The bank admitted it had been breaching its fiduciary duty for years by putting unwitting clients into the bank's own high-priced investments.
Record SEC award expected for JPMorgan whistleblowers | On Wall Street
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Sallah Astarita & Cox, LLC represents all participants in the financial markets, including whistleblowers. For more information call Mark J. Astarita, Esq. at 212-509-6544 or contact him by email at mja@sallahlaw.commja@sallahlaw.com
