SEC Fines KBR Over Anti-Whistleblower Rules

April 1, 2015 7:12 PM

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SEC Fines KBR Over Anti-Whistleblower Rules

KBR used ‘improperly restrictive language’ in confidentiality agreements; whistleblower lawyer points to ‘ineffectiveness’ of IRS program

The Securities and Exchange Commission said Wednesday that it has levied its first enforcement action against a company for using “improperly restrictive language” in confidentiality agreements with the potential to stifle the whistleblowing process.

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