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Pro-whistleblower organizations ask SEC to clarify protections for employees

Some 21 percent of employees who reported misconduct faced retaliation

There is a renewed effort to clarify the protections given to corporate whistleblowers by the Government Accountability Project (GAP) and the Labaton Sucharow law firm.

The project has asked the Securities and Exchange Commission (SEC) to clarify rules on how corporations could silence whistleblowers via confidentiality agreements and other methods.

Some of the legal maneuvers employed by companies are: keeping employees from consulting independent attorneys, requiring notices of external reporting, asking for waivers of future whistleblower awards, and suggesting that lawsuits will be used to enforce secrecy agreements, according to the statement.

“These and other troubling legal tactics effectively topple each of the three pillars of the SEC Whistleblower Program – anonymous reporting, employment protections and monetary awards,” the statement explained.

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Ed Silverstein

Ed Silverstein is a veteran writer and editor for magazines, websites and newspapers. A graduate of Harvard's Kennedy School of Government, he has won several...

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