Defendant Name: The Brink's Company

Defendant Type: Public Company

Document Reference: 34-95138-s

Document Details

Legal Case Name In the Matter of The Brink's Company
Document Name SEC Charges the Brink's Company with Violating Whistleblower Protection Rule
Document Date 22-Jun-2022
Document Format Administrative Proceeding
File Number 3-20904
Allegation Type Other
Document Summary The SEC "announced settled charges against The Brink's Company ("Brinks") for requiring employees to sign restrictive confidentiality agreements prohibiting the disclosure of any financial or business information to third parties, without an exemption for potential SEC whistleblowers, from at least 2015 through 2019."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Other Compliance Related Undertaking
Monetary Penalties:

Civil Penalty

Individual:     $400,000.00 Shared:    

Related Documents:

34-95138 22-Jun-2022 Administrative Proceeding
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
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."