SEC charges technology company NSB, Inc. exec with impeding whistleblower communications with agency

The U.S. Securities and Exchange Commission (SEC) charged David Hansen, co-founder and former Chief Information Officer of NS8 Inc for impeding an individual from communicating with the SEC about potential securities violations. https://www.sec.gov/litigation/admin/2022/34-94703.pdf Hansen will pay $97,523 for violating an SEC whistleblower protection rule. The SEC found that Hansen willfully violated Rule 21F-17 which prohibits taking any action to impede an individual from alerting the SEC to possible securities law violations. That rule says; “No person may take 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…with respect to such communications.” This rule was adopted by the SEC in accordance with the Dodd-Frank Act, which established the agency’s whistleblower program that offers monetary rewards and anti-retaliation protections to whistleblowers.

JEFFREY NEWMAN, A FORMER PROSECUTOR, IS A WHISTLEBLOWER LAWYER WITH THE FIRM NEWMAN & SHAPIRO AND HANDLES A VARIETY OF WHISTLEBLOWER CASES INCLUDING MAJOR VIOLATIONS OF SECURITY LAWS AND SEC WHISTLEBLOWER CASES. HE CAN BE REACHED AT JNEWMAN@NEWMANSHAPIRO.COIM OR AT 978-880-4758