Record SEC Whistleblower Settlement on Horizon?

Two SEC whistle-blowers are set to share a record $61 million award for helping build a fraud case against JPMorgan Chase.

The bank has agreed to pay $267 million to the SEC and $40 million to the CFTC for failing to disclose that the firm was putting the bank’s financial interest ahead of that of its wealthy clients. Two of six whistleblower applicants have received a letter notifying them of the preliminary decision to award them $48 million and $13 million respectively.

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