- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Jeff Dale2023-09-08T20:14:00
Privately held energy and technology company Monolith Resources agreed to pay $225,000 to settle charges by the Securities and Exchange Commission (SEC) it used employee separation agreements that violated whistleblower protection rules.
Monolith agreed to cease and desist from further violations in reaching settlement, the SEC announced in a press release Friday. The agency acknowledged the company’s remedial actions, including its notifying former employees who signed the separation agreements.
From February 2020 to March, Monolith required certain departing employees to waive their rights to monetary whistleblower awards when signing separation agreements, the SEC alleged in its order.
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