News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
Subscribe now for $365
Our lowest price ($1 per day) for one year.
- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2024-07-16T16:48:00
Anonymous employees of OpenAI accused the company of requiring employees to sign nondisclosure agreements (NDAs) that “prohibited and discouraged” them from reporting securities law violations to federal regulators.
In a July 1 letter to Securities and Exchange Commission (SEC) Chair Gary Gensler, the employees alleged OpenAI’s NDAs also contained language that forced them to waive their rights to whistleblower incentives and compensation, along with requiring them to notify the company of communications with government regulators. The letter was first reported by The Washington Post.
All such language could violate the Dodd-Frank Act and the SEC’s Whistleblower Rule, which require companies to allow employees to report misconduct to federal regulators without any restrictions.
THIS IS MEMBERS-ONLY CONTENT. To continue reading, choose one of the options below.
News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
Subscribe now for $365
Our lowest price ($1 per day) for one year.
2024-01-16T15:51:00Z By Aaron Nicodemus
A subsidiary of JPMorgan Chase will pay an $18 million fine to the Securities and Exchange Commission for allegedly violating the agency’s whistleblower protection rule in hundreds of settlement agreements with clients and customers.
2023-01-24T21:31:00Z By Aaron Nicodemus
Brazilian meat processing company JBS faces accusations of issuing $3.2 billion worth of “misleading and fraudulent” sustainability bonds in a whistleblower complaint filed with the Securities and Exchange Commission.
2021-08-30T17:52:00Z By Kyle Brasseur
Three compliance practitioners received shares of a more than $1 million whistleblower award announced by the Securities and Exchange Commission.
2024-06-20T15:37:00Z By Aaron Nicodemus
A whistleblower received an $8 million award from the Commodity Futures Trading Commission for uncovering fraud—even though the agency deemed the whistleblower was culpable in the misconduct.
2024-05-23T15:35:00Z By Kyle Brasseur
Compliance Week Advisory Board members Eric Young and Ellen Hunt participate in a debate-style discussion regarding whistleblower-related topics including culture of compliance, monetary incentives, retaliation, and more.
2024-04-29T11:39:00Z By Neil Hodge
The European Union’s strong stance on whistleblower protection has been undermined by member states’ wildly different approaches to punishing organizations that fail to safeguard people who raise concerns, says Wirecard whistleblower Pav Gill.
Site powered by Webvision Cloud