SEC Announces Two Enforcement Actions Regarding Restrictive Language in Severance Agreements
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The SEC issued two orders concerning violations of Exchange Act Rule 21F-17 this week.  On December 19, the Commission issued an order concerning NeuStar Inc., a technology company based in Virginia, and on December 20 it issued an order for SandRidge Energy Inc., an oil-and-gas company based in Oklahoma City.  In an interview with the Wall Street Journal, the Chief of the SEC's Office of the Whistleblower stated, “This is going to remain a focus for my office in 2017 and I expect you will see additional cases brought under this authority.”