SEC Fines Brink's For Whistleblower Limits In Employee Pacts
By Katryna Perera (June 22, 2022, 10:40 PM EDT) -- The U.S. Securities and Exchange Commission announced Wednesday that it has settled with The Brink's Co. over allegations that the security and protection company violated protections in place for whistleblowers by requiring employees to sign restrictive confidentiality agreements without granting them a carveout for potential SEC whistleblowing activity.
According to an order issued by the SEC, without admitting to or denying any of the allegations, Brink's has agreed to pay a $400,000 civil penalty, consented to the issuance of a cease-and-desist order finding that it violated Rule 21F-17(a) of the Securities Exchange Act of 1934, and has complied with certain undertakings...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!