If compliance officers ever needed one more sign about the importance of anti-retaliation programs, it arrived on September 29, 2016.
On that day, the Securities and Exchange Commission (SEC ) fined a company that makes casino equipment $500,000 for allowing an employee to suffer whistleblower retaliation, without any underlying misconduct having occurred. The company had investigated the employee’s allegations and found them baseless. But because the employee was then fired, on those grounds alone the SEC imposed its penalty as allowed under the Dodd-Frank Act...
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