On September 10, 2015, Barnes & Noble disclosed in a quarterly report on Form 10-Q that the SEC was investigating historical confidentiality provisions that it had in agreements with employees. The disclosure identified the investigation as relating to Rule 21F-17, the SEC rule implementing the Dodd-Frank Act whistleblower provisions, which prohibits an employer from taking steps to impede a whistleblower from reporting information to the SEC. The company noted that it is in the process of discussing a potential resolution of the issue. As we reported earlier this year, the SEC brought its first enforcement action for violation of Rule 21F-17 against KBR, Inc. in April.
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SEC continues to investigate alleged efforts to impede whistleblowers
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