Wall Street, Others May Have to Give Up More to Settle With SEC

WASHINGTON—Wall Street regulators said Wednesday they plan to require companies in some cases to admit wrongdoing when they settle civil enforcement actions.

The announcement is a return to a policy started during the Obama administration that the Securities and Exchange Commission largely abandoned during the Trump administration. The SEC has historically allowed companies and individuals to settle enforcement probes without admitting or denying the agency’s allegations, a practice that has made some liberal critics question the value of its policing efforts. The Obama-era policy resulted in few settlements involving admissions of wrongdoing.

Disclaimer that the site operates automatically without human intervention, so all articles, news and comments posted on the site are the responsibility of the owners and the website manages them do not bear any moral or legal responsibility for the content of the site.
"All rights reserved for their owners"

Source:" WSJ "

Get the latest news delivered to your inbox

Follow us on social media networks

PREV Inflation Data Pushes Treasury Yields Closer Together
NEXT ESG Funds Easier for 401(k)s to Buy Under DOL Plan