The Commodity Futures Trading Commission (CFTC) has approved a record $30 million whistle-blower award to a financial investigator for his role in exposing a scam at JPMorgan Chase.
The agency paid Edward Siedle, a Florida attorney, for filing the original whistleblower complaint in 2011 against the New York-based banking giant (NYSE: JPM). The award was the result of information that helped the CFTC sanction JPMorgan Chase for failing to properly inform some wealthy clients about conflicts of interest.
