Monthly Archives: September 2016

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


Earlier 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.

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Filed under Investment Advisers, SEC, Securities and Exchange Commission