SEC To Seek Even More Admissions Of Guilt In 2014

By Kurt Orzeck (January 27, 2014, 8:08 PM EST) -- U.S. Securities and Exchange Commission Chair Mary Jo White said Monday that there will be more admissions of guilt in settlements over Wall Street-related civil lawsuits in 2014, building on last year's change to the agency's controversial no-admit, no-deny policy.

The SEC will demand an increased number of admissions in cases involving egregious conduct that harmed large numbers of investors or where investors or financial markets were put at significant risk, according to White's keynote address at the 41st annual Securities Regulation Institute in Coronado, Calif.

White also said that the SEC is reconsidering what types of information it asks companies...

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