January 17, 2017 BY LeapRate Staff

Blackrock fined by the SEC for whistleblowing clauses in exit agreements

The U.S. Securities and Exchange Commission has announced that New York-based BlackRock, Inc. (NYSE:BLK), the world's largest asset manager, has agreed to pay a $340,000 penalty to settle charges that it improperly used separation agreements in which exiting employees were forced to waive their ability to obtain whistleblower awards. According to the SEC’s order, more…

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