- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aly McDevitt2023-09-29T18:30:00
New York-based investment adviser D. E. Shaw & Co. will pay a $10 million penalty to settle charges brought by the Securities and Exchange Commission (SEC) that the company raised impediments to whistleblowing by employees.
From at least 2011 through 2019, the firm required new employees to sign agreements prohibiting the disclosure of confidential corporate information to third parties unless authorized, without an exception for potential SEC whistleblowers, the agency said in a press release Friday.
Further, from at least 2011 through 2023, the firm required departing employees to sign releases affirming they had not filed any complaints with any government agency in order for them to receive deferred compensation and/or other benefits.
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2024-09-09T15:34:00Z By Aaron Nicodemus
Seven public companies will pay a total of $3 million in fines for requiring employees to sign agreements containing provisions that impeded their ability to report misconduct to the Securities and Exchange Commission.
2024-09-05T18:19:00Z By Aaron Nicodemus
Broker-dealer Nationwide Planning Associates and two affiliated investment advisers impeded potential whistleblowers from reporting misconduct to the Securities and Exchange Commission and have agreed to settle the charges for a combined $240,000.
2024-07-25T17:36:00Z By Jeff Dale
The Consumer Financial Protection Bureau is warning companies against intimidating potential whistleblowers by forcing them to sign broad nondisclosure agreements to deter misconduct from coming to light.
2025-04-04T15:40:00Z By Ruth Prickett
An accessible website should be a basic requirement for businesses, allowing the largest number of people to access a company’s content and services. With technology as an enabler, it also makes good business sense. After all, why would any organization want to hinder customer access? However, many websites are not ...
2025-04-03T13:40:00Z By Adrianne Appel
A Federal Trade Commission case against insulin price gouging has come to a screeching halt after two Democratic commissioners were fired by President Donald Trump.
2025-03-27T13:11:00Z By Jeff Dale
The U.K. Financial Reporting Council issued penalties against PwC and a former auditor over deficiencies on work related to the 2019 financial statements of now shuttered Wyelands Bank.
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