Defendant Name:
The Brink's Company
Defendant Type:
Public Company
SIC Code:
4731
CUSIP:
10969610
Document Reference:
34-95138
Document Details
Legal Case Name
In the Matter of The Brink's Company
Document Name
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
Document Date
22-Jun-2022
Document Format
Administrative Proceeding
Allegation Type
Other
Document Summary
On June 22, 2022, SEC instituted settled cease-and-desist proceedings against The Brink's Company, stating: "Beginning in at least 2015, and continuing through April 2019, new Brinks U.S. employees were required to execute a Confidentiality and Non-Competition Agreement as part of their onboarding process. ... By requiring current and former employees to notify the company prior to disclosing any financial or business information to any third parties, and threatening them with liquidated damages and legal fees if they did not do so, Brinks took action to impede potential whistleblowers by forcing those employees to choose between identifying themselves to the company as whistleblowers or potentially having to pay $75,000 and the company's legal fees."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Other Compliance Related Undertaking
Monetary Penalties:
Civil Penalty
Individual:
$400,000.00
Shared:
