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Tuesday, November 26, 2024

US SEC hits 7 public companies with penalties for violating whistleblower protections - WTVB

NEW YORK (Reuters) – Seven public companies agreed to pay a combined $3 million to settle U.S. Securities and Exchange Commission charges they violated whistleblower protections, the regulator said on Monday.

TransUnion agreed to pay $312,000 and Acadia Healthcare Company will pay $1.39 million in connection with the settlements the SEC disclosed on Monday.

The firms were each charged in connection with employment, separation or other agreements that violated a rule that prohibits any actions to impede individuals communicating with the regulator directly about possible violations of securities laws, the SEC said in its statement.

They have all worked toward remediation, including changing the agreements at issue, the SEC said.



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