Menu9/9/16: In the span of a week, two newsworthy actions happened related to the SEC’s whistleblower program. On August 16, the SEC announced a $340,000 settlement with a healthcare insurance provider that, according to SEC, illegally used “… severance agreements requiring outgoing employees to waive their ability to obtain monetary awards from the SEC’s whistleblower program.” That’s clearly a violation of every imaginable whistleblower protection measure and it’s illegal. Five days later, SEC announced that it had issued its first Whistleblower Program Award. Now, the two aren’t related but there is something beautifully ironic in the timing.
