News & Analysis as of September 21, 2024

Enforcement Actions

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The Securities Exchance Act is a United States federal statute enacted in 1934 to govern the secondary securities trading market. In addition, the Securities Exchange Act established the Securities and Exchange... more +

The Justice Insiders Podcast: Meet the Securities and Exchange (and Human Resources) Commission

Eyes on 2024: Will the SEC Continue Its Aggressive Enforcement of Whistleblower Laws in 2024?

Bond Schoeneck & King PLLC on 1/17/2024

The Securities and Exchange Commission (the SEC or Commission) made clear in 2023 that it intends to aggressively enforce its whistleblower protection laws, namely Rule 21F-17, which prohibits employers from taking any action...more

Employment Agreements in The SEC’s Cross-Hairs: What Employers Should Do Now

BCLP on 12/18/2023

Over the past several months, the U.S. Securities and Exchange Commission (“SEC”) has concluded several aggressive enforcement actions related to supposed violations of Rule 21F-17 under the Securities Exchange Act of 1934,...more

SEC Settlements Over Whistleblower Protections Pile Up

Holland & Knight LLP on 10/10/2023

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...more

SEC to Issuers: Retaliating Against or Impeding Whistleblowers Is Not Zen

Holland & Knight LLP on 6/12/2023

Public companies should be mindful not to interfere with or retaliate against whistleblowers, and stretching is best reserved for the yoga mat, not the numbers in a company's public disclosures. So says the U.S. Securities...more

Recent SEC enforcement relating to workplace misconduct

A&O Shearman on 3/8/2023

Only a few months into the new year and the U.S. Securities and Exchange Commission (SEC) has begun to wade into new waters with enforcement efforts focused on disclosure issues without traditional links to securities...more

Overblown? SEC's Aggressive Enforcement of Rule 21F-17 for Whistleblower Protection

Holland & Knight LLP on 7/27/2022

Section 21F, titled "Whistleblower Incentives and Protection," is a set of provisions within the Securities Exchange Act of 1934 that govern, among other things, the rights and obligations of SEC whistleblowers and the...more

SEC Fires Another Warning Shot on Confidentiality Agreements that Violate Whistleblower Provisions

Stinson - Corporate & Securities Law Blog on 6/23/2022

The SEC brought an enforcement action against The Brink’s Company for using confidentiality agreements that the SEC alleged violated Exchange Act Rule 21F-17. That rule prohibits any person from taking any action to impede an...more

SEC Finds Employee Manual Violates Dodd-Frank

Stinson - Corporate & Securities Law Blog on 6/28/2021

In a recently settled SEC enforcement action, the defendant asked employees to sign an acknowledgement, upon hire and on an annual basis, that they had received, read, and would adhere to the defendant’s employee manual. ...more

A Review of Recent Whistleblower Developments

Foley & Lardner LLP on 1/29/2020

Whistleblower Developments is a periodic report covering significant cases, decisions, proposals, and legislation related to whistleblower statutes and how they may impact your business. Recent developments include: ...more

SEC Accuses Issuer and CEO of Violating Whistleblower Protection Laws to Silence Investor Complaints

Kramer Levin Naftalis & Frankel LLP on 12/3/2019

On Nov. 4, 2019, the Securities and Exchange Commission (SEC) filed an amended complaint against Collectors Café and its CEO, Mykalai Kontilai, to add charges against defendants for alleged violations of whistleblower...more

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Securities Exchange Act › Rule 21F-17 › Enforcement Actions

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