Trafigura Trading LLC paid a $55m fine for using NDAs that restricted employee whistleblowing to CFTC.
Commodities trading firm Trafigura Trading LLC agreed to pay a $55m fine for using non-disclosure provisions that hindered employee whistleblower communications with the CFTC. The company's employment agreements from 2017 to 2020 did not contain carveout language permitting communications with law enforcement or regulators like the CFTC, in violation of the Commodity Exchange Act. This comes as the CFTC and SEC step up enforcement of whistleblower protection in confidentiality agreements.
July 03, 2024
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