SEC Cracks Down on Anti-Whistleblower Provisions: An Interview with Tamara BockEmployment Law This Week August 22, 2016
Employment Law This Week (Episode 39: Week of August 22, 2016) has released bonus footage of its interview with Tamara Bock, a Member of the Firm at Epstein Becker Green.
As Ms. Bock discusses, the Securities and Exchange Commission (SEC) is cracking down on anti-whistleblower provisions. The SEC has charged BlueLinx Holdings with violating anti-whistleblower protections in its severance agreements. The company required all exiting employees to sign an agreement waiving their rights to whistleblower payments. Without admitting or denying any wrongdoing, BlueLinx agreed to amend its severance agreements and pay $265,000 to settle with the SEC. Less than a week later, the agency settled with a health care company on similar charges, for $340,000. Since the spring of 2015, the SEC has charged four companies for discouraging whistleblower activity.
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