Asset management corporation BlackRock Inc. has agreed to pay a $340,000 penalty to settle allegations that it improperly used separation agreements to muzzle exiting employees, forcing them to forfeit their whistleblower rights and protections, the U.S. Securities and Exchange Commission (SEC) said Tuesday. The settlement makes BlackRock the latest in a series of companies that have settled similar allegations with the SEC’s Office of the Whistleblower in recent months, ending the practice of silencing would-be whistleblowers by threatening separation agreement arrangements and severance payments. According to the SEC’s order, more than a thousand departing BlackRock employees signed separation agreements containing ... Read More
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