JPMorgan Chase is defending a claim that it violated Section 806 of the Sarbanes-Oxley Act, which protects individuals who report conduct that might constitute a violation of securities laws or rules of the Securities and Exchange Commission.
The giant financial services firm received a letter in May from the Occupational Safety and Health Administration—which enforces SOX 806—notifying the company that a preliminary investigation found reasonable cause to believe that JPMorgan Chase violated Sarbanes-Oxley’s whistleblower provision in its treatment of compliance officer Peter Sivere. A copy of that letter—which was sent by OSHA’s New York office to an attorney for JPMorgan Chase—was anonymously faxed to Compliance Week.
