Violation Tracker Individual Record
Company:
Health Net Inc.
Current Parent Company:
Centene
Penalty:
$340,000
Year:
2016
Date:
August 16, 2016
Primary Offense:
investor protection violation
Violation Description:
The Securities and Exchange Commission announced that a California-based health insurance provider agreed to pay a $340,000 penalty for illegally using severance agreements requiring outgoing employees to waive their ability to obtain monetary awards from the SEC's whistleblower program.
Level of Government:
federal
Action Type:
agency action
Agency:
Securities and Exchange Commission
Civil or Criminal Case:
civil
HQ Country of Parent:
USA
HQ State of Parent:
Missouri
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
healthcare services
Specific Industry of Parent:
managed care
Source of Data:
https://www.sec.gov/news/pressrelease/2016-164.html (archived copy)
Source Notes:
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.
