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The asset manager is paying a civil penalty to the SEC to settle charges that it made past exiting employees waive their rights to whistleblower proceeds.
Asset manager BlackRock has been penalized $340,000 to settle allegations from the SEC that it forced employees who were leaving the firm to give up their rights to the proceeds from whistleblowing on violations of securities laws. “According to the SEC’s order, more than 1,000 departing BlackRock employees signed separation agreements containing violative language stating...
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