SEC Will Demand More Admissions Of Guilt, Official Says

Law360, New York (October 1, 2013, 6:37 PM EDT) -- A top official with the U.S. Securities and Exchange Commission on Tuesday provided further insight into when the agency will seek an admission of wrongdoing from settling defendants charged with securities fraud and warned that the commission plans to resolve more cases in this way.

Speaking at the Practising Law Institute’s 2013 conference on white collar crime in Manhattan, Andrew J. Ceresney, co-director of the SEC’s Division of Enforcement, said that while allowing defendants to neither admit nor deny guilt makes sense in a majority of...
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