United States: SEC Declares Open Season On Employee Agreements
On April 1, 2015, the United States Securities and Exchange Commission (SEC) announced an enforcement action—the first of its kind—against KBR, Inc., for requiring employees involved in internal investigations to maintain confidentiality, which is in violation of the SEC’s whistleblower rules. The SEC found KBR’s requirement that employees involved in internal investigations sign and abide by confidentiality statements with language cautioning that they could face discipline if they discussed the matters with outside parties […]