2024-09-27 14:54:37 :
GQG Partners, founded by Rajiv Jain, has agreed to pay $500,000 to resolve U.S. Securities and Exchange Commission charges over alleged violations of whistleblower protection rules, according to the market regulator.
According to the US SEC’s statement on September 26, between 2020 and 2023, GQG Partners required 12 individuals to sign highly restrictive confidentiality agreements, preventing them from sharing confidential information, even with government regulators and agencies.
GQG Partners settled before administration and stay proceedings, without admitting or denying the findings. However, the Rajiv Jain-led company acknowledged the SEC’s authority on the matter.
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