United States: SEC Fines Engineering Firm For Whistleblowing Violations
The Securities and Exchange Commission (SEC) fined engineering firm KBR Inc. for whistleblowing violations.
The US firm violated whistleblower protection Rule 21F-17 enacted under the Dodd-Frank Act. In certain internal investigations, KBR made its employees sign confidentiality statements, with warnings that they could face discipline and even be fired if they discussed the matters with outside parties without the prior approval of KBR’s legal department.
Since these investigations included allegations of possible securities law violations, the […]