In a prior blog post, we reviewed a September 8, 2023, Enforcement Order against Monolith Resources, LLC based on the company violating the SEC’s whistleblower protection rules.

Less than two weeks later, on September 19, 2023, the Enforcement Division added to the growing list of these cases with an announcement that CBRE, Inc., a wholly-owned subsidiary of NYSE-listed CBRE Group, Inc., had also violated the whistleblower protection rules.   In its separation agreements CBRE Inc. had included language requiring employees to attest “that they had not filed a complaint against CBRE with any federal agency.”  After the SEC commenced its investigation, the company took strong remedial steps.  In settling the case CBRE, Inc. paid a civil penalty of $375,000.

You can read more in the related SEC Order.

As always, your thoughts and comments are welcome!