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SEC Declares Open Season On Employee Agreements

Law360, New York (April 1, 2015, 7:17 PM EDT) -- The U.S. Securities and Exchange Commission has long been promising an enforcement action over employment agreements that violate Dodd-Frank Act whistleblower rules, but its case against KBR Inc. on Wednesday finally gave that promise teeth and paved a path for the agency to bring more.

In a first-of-its kind action, the SEC fined Houston-based KBR $130,000 for making employees sign confidentiality agreements during internal investigations warning them that they could be fired if they talked about the investigation with anyone outside the company. Dodd-Frank rules explicitly...
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