Financial Regulators Crack Down on NDAs That Silenced Whistleblowers

Regulatory authorities are intensifying their scrutiny of financial firms that employ non-disclosure agreements (NDAs) to deter whistleblowers. Regulatory bodies argue that these NDAs may create a “culture of silence” contrary to the ethos of whistleblower laws. Stephen Kohn, founding partner of Kohn, Kohn, & Colapinto, remarked that such agreements imply that reporting violations outside the company is wrong, thereby undermining the objectives of whistleblower protection statutes. For more details, visit the full article on Law.com.