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JPMorgan Whistle-Blower Gets Record $30 Million From CFTC

Neil Weinberg, Matt Robinson
JPMorgan Whistle-Blower Gets Record $30 Million From CFTC

The Commodity Futures Trading Commission has approved a record $30 million whistle-blower award, it said Thursday. The award was the result of information that helped the agency sanction JPMorgan Chase & Co. for failing to properly inform some wealthy clients about conflicts of interest behind its investment recommendations, according to an attorney involved in the matter. The CFTC made the award public on Thursday without naming individuals or the bank.