UPDATE 1-KBR to pay SEC penalty over whistleblower protection violation

April 1, 2015 3:47 PM

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April 1 (Reuters) - KBR Inc has agreed to pay $130,000 to settle what the U.S. Securities and Exchange Commission on Wednesday called its first whistleblower protection case over improperly restrictive language in confidentiality agreements.

The SEC said that the Houston-based oil services company violated a federal regulation by requiring witnesses in internal investigations to sign confidentiality agreements that warned of possible discipline if they discussed the matters with outside parties.

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