Tr?id=566623520170033&ev=PageView&noscript=1

ÍøÆØ³Ô¹Ï

CFTC Investigates Banks for Potential Whistleblower Suppression

Posted on May 16th, 2024 at 10:26 AM
CFTC Investigates Banks for Potential Whistleblower Suppression

From the desk of Jim Eccleston at ÍøÆØ³Ô¹Ï

The Commodity Futures Trading Commission (CFTC) has initiated inquiries into several banks, including JPMorgan Chase, Bank of America, and Citigroup, regarding potentially hindering whistleblowers from disclosing information, as reported by Bloomberg News.

Specifically, the CFTC is scrutinizing non-disclosure agreements within the swaps and clearing businesses of those banks, along with examining employment and customer agreements in those sectors, according to sources familiar with the situation cited in the report.

The inquiries align with the increased oversight by the U.S. Securities and Exchange Commission (SEC), which has been imposing fines on companies failing to adhere to whistleblower protection regulations. In a recent case from January, JPMorgan agreed to a $18 million civil penalty to resolve charges of violating whistleblower protection rules.

 

ÍøÆØ³Ô¹Ï LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

Tags: eccleston, eccleston law, cftc

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

This was the best of all possible outcomes and I cannot thank you and the team enough.

Michael S.

LATEST NEWS AND ARTICLES

1778171646 Law
May 7, 2026
FINRA Bars Former Raymond James Broker for Refusing Testimony in Unauthorized Trading Probe

A former registered representative with Raymond James has been barred from the securities industry after refusing to cooperate with a Financial Industry Regulatory Authority (FINRA) investigation into alleged unauthorized trading activity.

1778084309 Law
May 6, 2026
FINRA Outlines Key Rulemaking Priorities and Recent Developments in Quarterly Agenda

The Financial Industry Regulatory Authority (FINRA) recently released its Quarterly Regulatory Policy Agenda, offering a detailed view of its rulemaking priorities, pending proposals, and recently approved regulatory changes.

1778000603 Law
May 5, 2026
Commonwealth Financial Network Resolves SEC Conflict of Interest Case

Commonwealth Financial Network has agreed to pay $5 million to resolve a long-standing conflict of interest case brought by the Securities and Exchange Commission, according to reporting by ThinkAdvisor.