SEC Awards Two JPMorgan Chase Whistleblowers $50 Million

Posted on April 2nd, 2019 at 5:19 PM
SEC Awards Two JPMorgan Chase Whistleblowers $50 Million

From the Desk of Jim Eccleston at Eccleston Law LLC:

The SEC announced that it has awarded two whistleblowers a total of $50 million. The SEC received $267 million stemming from a settlement with JPMorgan Chase & Co.

The whistleblowers alerted the SEC that from 2008 to 2013, JPMorgan Chase failed to inform certain wealthy clients of conflicts of interest in managing their money.

The SEC’s whistleblower program has been an important tool since its inception in 2011. The award distributions are made from an investor protection fund established by Congress. The standard to obtain an award requires that the whistleblower’s information must be unique, useful and lead to a successful enforcement action. Whistleblower awards can range from 10 percent to 30 percent of the money collected by the SEC where sanctions exceed $1 million.  

Eccleston Law, LLC helps individuals file and document their SEC whistleblower claims while maintaining confidentiality. Please contact us for further information.

The attorneys of Eccleston Law LLC represent investors and advisors nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of practice for financial investors and advisors including Securities FraudCompliance ProtectionBreach of Fiduciary DutyFINRA Matters, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today. 

Tags: james eccleston, eccleston law, eccleston law llc, eccleston, jp morgan chase, sec, whistleblower

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