As the SEC closed its fiscal year, it filed three separate enforcement actions against companies for purported violations of Rule 21F-17 under the Securities and Exchange Act of 1934, which prohibits persons from impeding whistleblowers from communicating with the agency. The SEC emphasized similar themes to prior enforcement actions involving 21F-17 violations (limitations on right to recover whistleblower awards, restrictions on lodging complaints with the agency and prohibitions on disclosing information outside the company without prior authorization). In this post, we provide an overview of the three actions and offer some key takeaways from the SEC’s orders.
‘Enforcement 40’ for 2020
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