The SEC has announced a settled enforcement action against Foot Locker, Inc for allegedly impeding protected whistleblowing activity. The company is said to have used separation agreements that required departing employees to waive their ability to recover whistleblower awards for reporting alleged misconduct to the agency, and has agreed to
SEC says separation agreements violated Whistleblower Protection Rule
The SEC said the company violated its Rule 21F-17(a) because the separation agreements impeded participation in the SEC’s whistleblower program.