SEC Ends Decades-Old ‘Gag Rule’ in Enforcement Settlements
The US Securities and Exchange Commission headquarters in Washington.
Photographer: Matt McClain/BloombergCompanies and individuals making deals to settle Securities and Exchange Commission cases no longer have to remain silent after the settlements, the regulator said Monday.
The update rescinds a decades-old policy that lets companies and individuals settle enforcement actions without admitting wrongdoing if they agree not to later dispute the allegations.