Story highlights

The Securities and Exchange Commission (SEC) said GQG partners' "agreements with potential hires and a former employee raised barriers to reporting information" to government agencies, including the regulator.

The US Markets Regulator charges advisory firm GQG partners with violating whistleblower protection rule.

The Securities and Exchange Commission (SEC) said GQG partners' "agreements with potential hires and a former employee raised barriers to reporting information" to government agencies, including the regulator.

What is GQG partners known for?

GQG partners, founded by Rajiv Jain, is an active portfolio management firm with headquarters in Florida, USA.

According to the company's website, GQG is responsible for managing client assets of over $150 billion globally.

US SEC's order

The SEC discovered that 12 job applicants were prevented from disclosing possible securities law breaches.

This was due to GQG's non-disclosure agreements (NDAs) and a settlement agreement with an ex-employee. The regulator said that GQG's NDAs had certain caveats: Candidates could reply to commission demands for information. However, they had to notify GQG first, and they couldn't make any voluntary disclosures.

The regulator's order said GQG entered into a settlement agreement with a former employee. This agreement came after the ex-employee's lawyer informed GQG that the client planned to disclose suspected breaches of securities laws to the SEC.

The SEC, in a press...

Read Full Story: https://news.google.com/rss/articles/CBMivAFBVV95cUxQRE1rWS0zY2xfWElnODY3dzB2...