What doesn’t the SEC want Volkswagen shareholders to know? | The Hill

As with all enforcement cases it settles, the SEC demanded, as a non-negotiable condition of the deal, a gag order stating that Volkswagen must never “make or permit to be made any public statement denying, directly or indirectly, any allegation in the [SEC] complaint or creating the impression that the [SEC] complaint is without factual basis.”

Like every other company that seeks peace with the SEC, the agency effectively told Volkswagen to clam up, or the deal’s off.

These routine SEC gag orders profoundly violate the free speech rights of companies and individuals who settle with the agency. Equally troubling, they deny company shareholders and the public their First Amendment right to hear both sides of the story.

Source: What doesn’t the SEC want Volkswagen shareholders to know? | The Hill