GQG Partners pays $500K to SEC, settling allegations of hindering whistleblower reporting.
GQG Partners, an asset management firm, has agreed to pay $500,000 to the SEC to settle allegations of violating whistleblower protection rules. The firm required 12 individuals to sign non-disclosure agreements that hindered them from reporting potential securities violations to regulators. GQG settled without admitting or denying the findings and will cease such practices going forward. The SEC emphasizes that companies cannot obstruct whistleblower communications.
September 26, 2024
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