Investment Adviser Whistleblower Protection Enforcement (09/26/24)

The SEC charged GQG Partners LLC, a registered investment adviser, for entering into non-disclosure agreements with candidates for employment that made it more difficult for them to report potential securities law violations to the SEC. The Firm further entered into a settlement agreement with a former employee that included provisions that SEC deemed to violate the whistleblower protection rule. GQG agreed to pay a $500,000 civil penalty.