The U.S. Securities and Exchange Commission broke new ground last week, announcing a rare settlement with a company accused of whistleblower retaliation.
The SEC announced on Sept. 29 that casino-gaming company International Game Technology has agreed to pay a $500,000 penalty to settle claims that it fired a whistleblower in violation of the anti-retaliation provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act. While the SEC has once before accused a company of violating Dodd-Frank’s whistleblower protection provisions, this is the first enforcement action it’s brought based exclusively on a claim of whistleblower retaliation.
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