September 2016 Archives | Securities Law & Corporate Counsel Blog
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September 2016 Archives

Caution: SEC Looks at More Than Just Policies and Procedures for Whistleblower Violations

SECpicEarlier this month, Health Net Inc. agreed to pay a $340,000 penalty for illegally using severance agreements that required employees leaving the company to waive their right to obtain monetary awards from the SEC’s whistleblower program.  According to the SEC order, by doing this, the California-based health insurance provider directly targeted the Congress-authorized program.