Attorneys for the SEC and Bruce Bent Sr. and his son, Bruce Bent II, had been working to settle motions filed by the agency in the wake of a 2012 civil trial that cleared the Bents of intentional fraud for their role at the helm of the $62 billion money-market fund, according to court documents. The panel of commissioners, who have to approve all settlements on behalf of the agency, rejected the accord, saying it was unwilling to settle with defendants on any terms, according to court documents.
‘Enforcement 40’ for 2020
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