Quarter of high-paid bank staff face gags – survey
A survey of financial sector employees found that many have been forced to sign illegal confidentiality agreements blocking them from reporting wrongdoing to regulators
A quarter of highly paid staff at financial companies have been asked to sign an illegal gag order blocking them from reporting illicit activity, according to a survey by the University of Notre Dame and Labaton Sucharow, a US law firm.
The survey of financial industry employees in the US and UK found that 10% had signed or been asked to sign a confidentiality agreement forbidding them from reporting illegal activity to industry regulators – including 25% of employees paid $500,000 or above
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