The SEC said the company violated its Rule 21F-17(a) because the separation agreements impeded participation in the SEC’s whistleblower program.
SEA 1934 Rule 21F-17(a)
Enforcement
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SEC whips out final orders for violations grounded in supervisory, oversight lapses
Final settlement orders announced last week include those against firms for infractions often based in compliance program lapses.
GQG Partners crafted contractual language preventing disclosure of potential securities law violations by prospective and former employees.
Firm said to have asked hundreds of clients to sign release preventing them from disclosing rulebreaking.