Defendant Name: TransUnion

Defendant Type: Public Company

Document Reference: 2024-118_3-22084

Document Details

Legal Case Name In the Matter of TransUnion
Document Name SEC Charges Seven Public Companies with Violations of Whistleblower Protection Rule
Document Date 09-Sep-2024
Document Format Administrative Proceeding
File Number 3-22084
Allegation Type Other
Document Summary On September 9, 2024, the SEC stated: "today announced settled charges against seven public companies for using employment, separation, and other agreements that violated rules prohibiting actions to impede whistleblowers from reporting potential misconduct to the SEC."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:

Civil Penalty

Individual:     $312,000.00 Shared:    

Related Documents:

34-100975 09-Sep-2024 Administrative Proceeding
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
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."