Tag: congress

The SEC’s long established settlement practice of resolving enforcement actions without requiring an admission of liability – that is, on a neither admit nor deny basis – came under scrutiny again last week. On May 17, 2012 a House Committee …

NEITHER ADMIT NOR DENY IS NOT THE ISSUE IN SEC SETTLEMENTS Read More »

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Does the SEC need authority to impose larger civil penalties? SEC Chairman Mary Schapiro recently told Congress the agency needs additional authority to impose large fines. The story broke in the press the day Judge Rakoff issued his order rejecting …

DOES THE SEC NEED AUTHORITY TO IMPOSE LARGER FINES? Read More »

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