galagamesblockchain| Large banks face confidentiality investigation in swaps and clearing businesses
The Commodity Futures Trading Commission (CFTC) has worked with a number of banks, including JPMorgan Chase, Bank of America and Citigroup.GalagamesblockchainCome into contactGalagamesblockchainTo see if they have been preventing potential whistleblowers from reporting.
The report quoted people familiar with the matter as saying that CFTC requires banks to sign confidentiality agreements for swaps and clearing operations, and requires banks to sign employment and customer agreements for these businesses.
CFTC, JPMorgan Chase and Citigroup did not immediately respond to a request for comment from Reuters, while Bank of America declined to comment.
The Securities and Exchange Commission (Securities and Exchange Commission) has tightened regulation of this area and imposed fines on companies that fail to comply.
In January, JPMorgan agreed to pay a $18 million civil fine to settle charges of violating whistleblower protection rules, according to the Securities and Exchange Commission.
Damian Williams, the top executor of criminal malfeasance on Wall Street, also encouraged whistleblowers to come forward and report wrongdoing in a new project aimed at exposing illegal activities.