CFTC investigates major banks for using NDAs to silence whistleblowers in swaps and clearing businesses.
The CFTC is investigating major banks, including JPMorgan, Bank of America, and Citigroup, to determine if they use non-disclosure agreements (NDAs) to silence potential whistleblowers in their swaps and clearing businesses. The investigation follows similar probes by the US SEC and aims to encourage individuals to report misconduct, as insider tips are crucial for financial enforcement programs.
April 23, 2024
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