The NLRB has ruled against Bridgewater Associates LP, the largest hedge fund in the world, for having its employees sign confidentiality agreements that restricted them from discussing their salaries and other details about their positions. The decision marks a shift in line with the SEC and EEOC’s vow to investigate employment, confidentiality and arbitration issues in the financial services sector. Industry lawyers have argued that the NLRB must consider the confidential nature of the hedge fund business, stating that firms have a right to keep their strategies secret. Bridgewater has denied any wrongdoing, stating that its contracts were not intended to limit employee rights under the NLRA.
See "Bridgewater Case Raises Confidentiality Agreement Questions", Chris Opfer and Lawrence E. Dubé, October 24, 2016