J.P. Morgan received an $18 million civil penalty for a standalone violation of the Dodd-Frank whistleblower-protection rule, the largest penalty on record for such a violation.
Sources
- SEC Announces Enforcement Results for Fiscal Year 2024 (sec.gov)
- https://www.phillipsandcohen.com/sec-brings-in-a-record-setting-8-2-billion/ (phillipsandcohen.com)
- https://whistleblowersblog.org/corporate-whistleblowers/sec-whistleblowers/whistleblowers-play-crucial-role-in-secs-record-enforcement-year/ (whistleblowersblog.org)
- https://www.phillipsandcohen.com/secs-fine-against-j-p-morgan/ (phillipsandcohen.com)
More in World Events
- The House-approved SAVE America Act would require voters to present a photo ID when casting a ballot.
- The Supreme Court confirmed that the leaked draft opinion document was authentic.
- Since December 2021, the SEC's recordkeeping enforcement initiative had charged more than 100 firms and imposed more than $2 billion in penalties.
- The NSA relies on authorizations under the Foreign Intelligence Surveillance Act to acquire foreign intelligence, subject to approval and oversight by the Foreign Intelligence Surveillance Court.
- President Donald Trump is demanding that the voting bill largely ban mail-in voting, with exceptions for people who are disabled, serving in the military, or in other situations.
- U.S. consumer spending increased at a 2.5% annual pace in the second quarter of 2025, up from 0.6% in the first quarter, with services spending rising 2.6%, more than double the prior 1.2% estimate.