Defendant Name:
TransUnion
Defendant Type:
Public Company
SIC Code:
7323
CUSIP:
89400J10
Document Reference:
34-100975
Document Details
Legal Case Name
In the Matter of TransUnion
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 TransUnion, stating: "As a regular part of its business, TransUnion enters into severance agreements and
general release agreements with certain senior employees. These agreements document the rights
and responsibilities of TransUnion and the employee following the end of the employment
relationship. . . . [T]hese provisions created
impediments to participation in the Commission’s whistleblower program by requiring individuals
to forego either their right to file a complaint with the Commission staff or the financial award they
might receive for doing so."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$312,000.00
Shared:
