SEC’s Andrew Ceresney Defends Neither Admit Nor Deny Settlements

At the Corporate Crime Reporter conference last month, Andrew Ceresney, the Securities and Exchange Commission’s (SEC) new co-director of enforcement, put up a spirited defense of the agency’s neither admit nor deny settlement policy.

But during the question period, Ceresney also admitted that defendants who have entered neither admit nor deny settlements can readily deny the allegations in certain venues.

via SEC’s Andrew Ceresney Defends Neither Admit Nor Deny Settlements — Corporate Crime Reporter