Foot Locker Fine Illustrates SEC's Whistleblower Priorities

By Jonathan Richman ( June 8, 2026, 3:35 PM EDT) -- The U.S. Securities and Exchange Commission recently fined Foot Locker Inc. for violating an SEC rule that prohibits impeding whistleblowers from reporting alleged securities law violations to the commission. The $148,000 fine was assessed in a May 22 consent order, arising from a provision in Foot Locker separation agreements between 2020 and 2024 that waived signatories' rights to receive any whistleblower award or other benefit from communicating with the SEC, or other federal or state agencies....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login