April 23 (Reuters) - The Commodity Futures Trading
Commission (CFTC) has reached out to a number of banks,
including JPMorgan Chase ( JPM ), Bank of America ( BAC ) and
Citigroup ( C/PN ) to see if they have been preventing would-be
whistleblowers from speaking out, Bloomberg News reported on
Wednesday.
CFTC is asking banks for non-disclosure agreements in their
swaps and clearing businesses, and has also sought employment
and customer agreements in those businesses, the report added,
citing people familiar with the matter.
CFTC, JPMorgan ( JPM ), Citigroup ( C/PN ) did not immediately respond to
Reuters requests for comment, while BofA declined to comment.
The top financial regulator joins the U.S. Securities and
Exchange Commission, which has increased its oversight in this
area and has levied fines against companies that don't comply.
In January, JPMorgan ( JPM ) agreed to pay a $18 million civil
penalty to settle charges it violated whistleblower protection
rules, the U.S. SEC said.
A top enforcer of criminal malfeasance on Wall Street,
Damian Williams has also encouraged whistleblowers to come
forward and report wrongdoing under a new program aimed at
uncovering illegal activity.