Final Rule Finalizes Procedures for Whistleblower Retaliation Complaints
This final rule falls under Section 806 of the Sarbanes-Oxley Act.
OSHA has published a final rule which finalizes procedures for handling whistleblower retaliation complaints, according to a news release. The final rule has been filed under Section 806 of the Sarbanes-Oxley Act (SOX) of 2002. This act protects employees who report fraudulent activities and violations of Securities Exchange Commission rules that can harm investors in publicly traded companies.
"Silencing workers who try to do the right thing is unacceptable," said Assistant Secretary of Occupational Safety and Health Dr. David Michaels. "This final rule safeguards investors by protecting whistleblowers who shine a light on illegal or fraudulent conduct that otherwise may go uncorrected."
SOX prohibits publicly-traded companies and other covered persons from retaliating against an employee who provides information about conduct that the employee believes violates federal mail, wire, bank or securities fraud statutes, SEC rules, or any provision of federal law relating to fraud against shareholders.