What To Expect From SEC's Admission Of Wrongdoing Policy

Law360, New York (July 11, 2013, 12:01 PM EDT) -- The U.S. Securities and Exchange Commission’s recent announcement that it may require an admission of wrongdoing as part of certain settlements comes on the heels of a growing chorus of criticism from federal judges with respect to settlements entered into without an admission of wrongdoing.

Although the precise implications of the SEC’s announcement remain to be seen, the announcement is consistent with a greater demand for accountability from companies and individuals charged with securities violations, and it could have a significant impact on subjects of SEC...
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