Gqg Partners Llc

Allegations: ON SEPTEMBER 26, 2024, GQG PARTNERS LLC ("GQG"), ENTERED INTO A SETTLEMENT WITH THE SECURITIES AND EXCHANGE COMMISSION ("SEC") RESULTING IN THE SEC ISSUING AN ADMINISTRATIVE ORDER (THE "ORDER") THAT REQUIRED GQG TO PAY A CIVIL MONETARY PENALTY IN THE AMOUNT OF $500,000. GQG CONSENTED TO THE ENTRY OF THE ORDER, WITHOUT ADMITTING OR DENYING THE FINDINGS THEREIN, EXCEPT AS TO JURISDICTION, WHICH FOUND THAT GQG WILLFULLY VIOLATED RULE 21F-17(A) UNDER THE SECURITIES EXCHANGE ACT OF 1934 (THE "EXCHANGE ACT"). THE ORDER FOUND THAT GQG, FROM NOVEMBER 2020 THROUGH SEPTEMBER 2023, ASKED CERTAIN POTENTIAL EMPLOYEES TO SIGN A NON-DISCLOSURE AGREEMENT ("NDA") THAT PROHIBITED THEM FROM DISCLOSING, INCLUDING TO GOVERNMENT AGENCIES SPECIFICALLY, THAT THEY HAD CONFIDENTIAL INFORMATION ABOUT GQG. WHILE THE NDA PERMITTED THEM TO RESPOND TO REQUESTS FOR INFORMATION FROM THE SEC, IT REQUIRED NOTIFICATION TO GQG OF ANY SUCH REQUEST AND PROHIBITED THEM FROM RESPONDING TO REQUESTS ARISING FROM THEIR VOLUNTARY ACT OF DISCLOSURE. THE ORDER ALSO FOUND THAT GQG ENTERED INTO A RELEASE AND SETTLEMENT AGREEMENT WITH A FORMER EMPLOYEE THAT REQUIRED REPRESENTATIONS BY THE FORMER EMPLOYEE THAT HE/SHE (I) HAD NOT SOUGHT TO INITIATE ANY INVESTIGATION BY ANY GOVERNMENTAL AGENCY; (II) WAS AWARE OF NO FACTS THAT WOULD FORM THE BASIS OF SUCH AN INVESTIGATION; AND (III) WOULD WITHDRAW ANY STATEMENTS ALREADY MADE THAT WOULD FORM THE BASIS OF AN INVESTIGATION. Status: Final Sanction Detail: FINE OF $500,000 PAID BY GQG PARTNERS LLC ON OCTOBER 02, 2024. Summary: THE SEC ENTERED AN ORDER ON SEPTEMBER 26, 2024. GQG HAS PAID THE CIVIL MONEY PENALTY IN ACCORDANCE WITH THE TERMS OF THE ORDER.