SEC Charges Seven Public Companies with Violations of Whistleblower Protection Rule.
SEC Charges Seven Public Companies with Violations of Whistleblower Protection Rule.
- Acadia Healthcare Company, Inc., agreed to pay a $1,386,000 civil penalty;
- a.k.a. Brands Holding Corp. agreed to pay a $399,750 civil penalty;
- AppFolio, Inc., agreed to pay a $692,250 civil penalty;
- IDEX Corporation agreed to pay a $75,000 civil penalty;
- LSB Industries agreed to pay a $156,000 civil penalty;
- Smart for Life, Inc. agreed to pay a $19,500 civil penalty; and
- TransUnion agreed to pay a $312,000 civil penalty.
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Oh wow, really steep fines, less than one year's salary of the whistleblowers they fucked over in several cases. Less than the yearly compensation of the executives who should be held criminally liable in every case. Essentially no penalty at all.
With fines that low, totally worth it to discourage future whistleblowers considering the seriousness of some of the crimes which they likely will get tiny fines for as well.