SEC Moves to End ‘Gag Rule’ Criticized by Musk and Cuban

The White House is reviewing a plan for the Securities and Exchange Commission to end its decades-old policy that lets companies and people settle enforcement actions without admitting wrongdoing if they also promise not to dispute the allegations.

The White House Office of Management and Budget received the regulator’s measure to end the policy — known among critics as the “gag rule” — on May 8, according to a post on a government website.