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Rajiv Jain's GQG Partners LLC, a boutique investment firm managing $150 billion in assets largely from pension funds and institutional investors, has agreed to pay a $500,000 penalty to settle charges with the U.S. Securities and Exchange Commission (SEC) over alleged violations of whistleblower protection rules. The SEC found that GQG Partners entered into agreements with employment candidates and a former employee that impeded individuals from communicating directly with the SEC about potential securities law violations, including allegations of securities fraud. The firm's actions prevented employees from reporting possible securities law violations, contravening federal whistleblower protection provisions.
SEC Sanctions Investment Advisor $500,000 for Impeding Whistleblowing through #NDAs https://t.co/t07t5pye7z #whistleblowers #secuitiesexchange @KKCWhistleblow https://t.co/7bvuPCV2aq
GQG Partners has $150 billion in assets, largely from pension funds and institutional investors. Yesterday, it settled SEC charges detailing its efforts to suppress a whistleblower from reporting allegations of securities fraud to the SEC. Have any investors in GQG asked to see… https://t.co/RG9wmyBRz0
Boutique investment firm GQG Partners has settled charges of potential violations of whistleblower rules with the SEC — the regulatory body in the United States — by paying a $500,000 penalty. @This_khushboo https://t.co/OtBQz41xS9