SEC Prevails in Case Challenging its Anti-Gag Rule, a Pillar of the SEC Whistleblower Reward Program

A critical reason for the success of the SEC whistleblower program is the SEC’s adoption and enforcement of a strong anti-gag rule prohibiting any “person” from taking “any action to impede an individual from communicating directly with the Commission staff about a possible securities law violation, including enforcing, or threatening to enforce, a confidentiality agreement .