SEC settles with 7 companies it says violated whistleblower protection rules

📆 9/9/2024 11:45 AM
📰 AP

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Seven companies settled with the Securities and Exchange Commission over charges that they violated rules protecting whistleblowers who report potential misconduct to the regulatory agency. The combined civil penalties for the seven companies totaled more than $3 million, the SEC said Monday. The biggest civil penalty agreed to was nearly $1.

FILE - The seal of the U.S. Securities and Exchange Commission is seen at SEC headquarters, June 19, 2015, in Washington. Seven companies settled with the Securities and Exchange Commission over charges that they violated rules protecting whistleblowers who report potential misconduct.

Among other actions, the companies required employees to waive their right to potential whistleblower monetary awards, according to the SEC.

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