Rajiv Jain’s GQG Partners has been slapped with a fine from the US Securities and Exchange Commission for violating whistleblower protections by making staff sign overly restrictive non-disclosure agreements.

The $US160 billion ($232.7 billion) investment giant, based in Florida and listed on the ASX, will pay $US500,000 ($725,000) for the violation. Without admitting to or denying the SEC’s findings, GQG agreed to pay the fine.