Defendant Name:
IDEX Corporation
Defendant Type:
Public Company
SIC Code:
3561
CUSIP:
45167R10
Document Reference:
34-100972
Document Details
Legal Case Name
In the Matter of IDEX Corporation
Document Name
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
Document Date
09-Sep-2024
Document Format
Administrative Proceeding
Allegation Type
Other
Document Summary
On September 9, 2024, the SEC instituted settled cease-and-desist proceedings against IDEX Corporation, stating: "As a regular part of its business, IDEX enters into separation agreements with certain employees who leave the company. A separation agreement is a contract between an employer and a departing employee documenting the rights and responsibilities of both parties incidental to the ending of the employment relationship. . . . [T]hese provisions created impediments to participation in the Commission’s whistleblower program by having the employees forego the critically important financial incentives that are intended to encourage persons to communicate directly with the Commission staff about possible securities law violations."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$75,000.00
Shared: