White Says SEC Settlements Without Guilt Admissions Under Review
This article is for subscribers only.
The U.S. Securities and Exchange Commission is reviewing its practice of settling cases without requiring defendants to admit guilt, the agency’s chairman said today in congressional testimony.
SEC Chairman Mary Jo White, a former federal prosecutor, told a House Appropriations subcommittee that the policy has benefited investors while saving SEC resources. The settlements leave no question “about what the conduct was,” White said.