SEC Looking Into Apple's Use of Nondisclosure Agreements, Whistleblower Says

The Securities and Exchange Commission is looking into Apple's use of nondisclosure agreements (NDAs), including whether the tech giant misled investors on the matter, according to a whistleblower contacted by the agency and documents reviewed by The Technology 202. From a report: Cher Scarlett, a former Apple employee who last year filed an SEC complaint alleging the company made false statements to the agency about its policies on NDAs, said in an interview Monday that the SEC contacted her in late January to inquire about her allegations. It's unclear whether the agency has opened a formal investigation into Apple's statements and its rules on NDAs, or what the full scope of any inquiry may be. "The SEC does not comment on the existence or nonexistence of a possible investigation," SEC spokesperson Cory Jarvis said.But it's the first indication that federal regulators are digging deeper into Apple's policies on NDAs, which the company said it doesn't allow -- a fact that workers like Scarlett have disputed.

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