Admissions Of Guilt Won't Become Norm, SEC Official Says

Law360, Washington (March 13, 2014, 7:47 PM EDT) -- The U.S. Securities and Exchange Commission’s increasing willingness to seek admissions of guilt from companies and individuals in enforcement actions won’t become the norm for the majority of agency cases, an SEC enforcement chief said on Thursday.

Andrew Ceresney, the co-director of the SEC’s division of enforcement, told a corporate counsel conference at Georgetown University Law Center that he supported SEC Chair Mary Jo White’s push for greater corporate accountability in fraud actions, but said that most agency cases will not involve admissions of guilt from...
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