The SEC said the company violated its Rule 21F-17(a) because the separation agreements impeded participation in the SEC’s whistleblower program.
SEC Whistleblower Protection Rule
Key report discusses the impact of misconduct, reporting mechanisms, and their effectiveness.
Report strongly advocates for whistleblower program and urges greater transparency.
GQG Partners crafted contractual language preventing disclosure of potential securities law violations by prospective and former employees.
Companies required to drop employment contract clauses impeding whistleblower activity.
Firm said to have asked hundreds of clients to sign release preventing them from disclosing rulebreaking.
Assessing key points made by SEC enforcement chief Gurbir Grewal in his recent speech.
SEC enforcement chief sets out three pillars underpinning effective culture, offers assurance on CCO liability.