Daily Archives: June 19, 2013, 11:46 am

SEC to Require Admissions of Wrongdoing in Settlements of Most Egregious Cases – Compliance Week

The SEC made some news yesterday at the Wall Street Journal CFO Network conference, as Chairman Mary Jo White announced that the agency will now begin requiring admissions of wrongdoing from defendants in its enforcement actions in certain circumstances. The announcement is a significant change in course from the SEC’s long-standing–and increasingly criticized–policy of allowing defendants to enter into “neither-admit-nor-deny” settlements…

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SEC to Seek More Admissions of Fault – WSJ

The Securities and Exchange Commission intends to make companies and individuals admit wrongdoing as a condition of settling civil charges in certain cases, or be forced to fight the charges in court, the agency’s Chairman Mary Jo White said Tuesday. The move marks a watershed change to the SEC’s decades-old policy of allowing companies and individuals to settle charges without…

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