JPMorgan ordered to pay damages for axing whistleblower

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.