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September 2018

Trade Secrets

Richard Morrison, the Executive Director of Florida’s Board of Employee Leasing Companies (“BELC”), has requested via email dated August 30, 2017, that licensees submit a written response to the BELC as to whether quarterly and annual reports filed by licensed PEOs constitute a “trade secret” within the meaning of Florida law. A response is due no later than 21 calendar days from Mr. Morrison’s email date. Each licensed Florida PEO should contact their regulatory counsel in order to prepare a response as to why their financial reports constitute a trade secret and should not be disclosed pursuant to a request for information filed with DBPR.