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Browse: Home / 2013 / May / 07 / SEC chief defends ‘neither admit nor deny’ but will review

SEC chief defends ‘neither admit nor deny’ but will review

By Securities Docket on May 7, 2013, 4:53 pm

The policy leads to “a very good end in many cases where you essentially get nearly all and perhaps sometimes more of the relief than you get after you’ve litigated … You get that money to investors very quickly,” SEC Chair Mary Jo White said in testimony before a U.S. House appropriations panel.

“Having said that, among the many things I am reviewing as the new chair, is that policy and protocol. I understand the desire for accountability,” she added.

via SEC chief defends ‘neither admit nor deny’ but will review — Reuters.

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Posted in SEC, Top | Tagged Commissioners, Settlements, Testimony

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