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.
Notes on verification
Confirmed directly by SEC's own press release (2024-7) and enforcement results release (2024-186), plus independent corroboration from whistleblower law firms and industry news tracking SEC enforcement actions.
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)