The Securities and Exchange Commission (SEC) has fined multiple related securities firms for alleged whistleblower violations. The SEC initiated administrative and cease-and-desist proceedings against three financial entities: Nationwide Planning Associates, Inc. (“Nationwide”), NPA Asset Management, LLC (“NPA”), and Blue Point Strategic Wealth Management, LLC (“Blue Point”), collectively referred to as “Respondents”. In response to the…
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The Securities and Exchange Commission of the U.S. (the SEC) recently fined J.P. Morgan Securities $18,000,000 for taking various steps to prevent securities whistleblowers from contacting the SEC or other securities regulators. J.P. Morgan agreed to the Order which can be found here. The alleged wrongdoing centered on the language included by J.P. Morgan in…
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