NEW YORK CITY (dpa-AFX) - J.P. Morgan Securities LLC agreed to pay $18
million to settle charges that it violated whistleblower protection rules.

According to the U.S. Securities and Exchange Commission's order, from March
2020 through July 2023, J.P. Morgan Securities regularly asked retail clients to
sign confidential release agreements if they had been issued a credit or
settlement from the firm of more than $1,000.

The agreements required the clients to keep confidential the settlement, all
underlying facts relating to the settlement, and all information relating to the
account at issue. In addition, even though the agreements permitted clients to
respond to SEC inquiries, they did not permit clients to voluntarily contact the
SEC.



Copyright(c) 2024 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX