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In compliance with Section 202(c)(5) of the National Housing Act, this notice advises of the cause and description of administrative actions taken by HUD's Mortgagee Review Board against HUD-approved mortgagees.
A privately held company that did business with a publicly- traded entity may be liable for retaliating against an employee in violation of the whistleblower provisions of Sarbanes-Oxley, the Administrative Review Board for the Department of Labor has ruled. An in-house attorney for a publicly traded company learned that her employer had reported inaccurate numbers to the Securities and Exchange Commission. Concurrently, the company - which was having serious financial problems - hired an outside entity to help it reorganize and try to secure funds in order to continue in business.
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