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 of such actions.
via SEC to Require Admissions of Wrongdoing in Settlements of Most Egregious Cases – Compliance Week
