JPMorgan ordered to pay damages for axing whistleblower
Ex-staffer raised questions about bank's sales tactics, investment products
New York
JPMORGAN Chase inappropriately retaliated against a former employee who raised questions about the bank's sales tactics and investment products, the US Labor Department found.
The bank was ordered to pay back wages and damages to the employee, Johnny Burris, a former broker at one of its Arizona branches. A letter released on Tuesday by the Occupational Safety and Health Administration, a division of the department, said that JPMorgan had violated provisions of the Sarbanes-Oxley law intended to protect whistleblowers.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Japanese yen slides back towards 34-year low after brief spike
China’s Bank of Communications Q1 profit rises 1.44%
HSBC’s private bank shuts independent asset management business in HK, Singapore
Nomura Q4 net profit jumps almost eight-fold on retail income surge
Rescue pup to meme star: the real-life ‘Dogecoin’ dog
Money laundering accused Zhang Ruijin slapped with 5 more charges days before scheduled guilty plea