A Change To SEC's 'No Admit, No Deny' Policy

Law360, New York (January 23, 2012, 1:29 PM EST) -- On Jan. 6, the U.S. Securities and Exchange Commission reportedly adopted a limited modification to a longstanding settlement policy that has been under increasing fire in recent months. Under the change, companies that admit to or are convicted of criminal conduct in parallel cases with the U.S. Department of Justice will no longer be permitted to simultaneously settle SEC charges without admitting or denying the charges.

On the one hand, this reported change does not appear to negatively impact companies because it will merely require them...
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