“The SEC’s order finds that GQG violated Whistleblower Safety Rule 21F-17(a), which prohibits taking any motion to stop a person from speaking immediately with SEC employees concerning potential violations of the securities legal guidelines,” the SEC stated.
With out admitting or denying the SEC’s findings, GQG agreed to simply accept a censure, stop violating whistleblower safety guidelines and pay a $500,000 civil penalty, GQG stated in a press launch.
Watchdog accuses GQG of coming into into agreements with job candidates and a former worker to make it tougher for them to report potential Violation of securities laws To the U.S. Securities and Change Fee.
In response to the SEC’s order, from November 2020 to September 2023, GQG entered confidentiality agreement The 12 job candidates have been prohibited from disclosing GQG’s confidential info, together with to authorities businesses.
The SEC’s order discovered that GQG additionally entered right into a settlement settlement with a former worker whose lawyer informed GQG that she or he meant to report alleged violations of securities legal guidelines to the fee. Corey Schuster, co-director of the Enforcement Division’s Asset Administration Division, stated: “Whether or not by agreements or different means, corporations can not, as GQG does, arrange a system to impose sanctions on anybody who gives the SEC with proof of potential violations of securities legal guidelines. impediment.
