SEC Rescinds Policy Regarding Denials of Settlements in Enforcement Actions
The Securities and Exchange Commission (SEC) announced today that it has rescinded a policy concerning denials of settlements in enforcement actions. This change relates to Rule 202.5(e) of its informal rules of procedures, which previously stated the SEC would not settle an enforcement action if a sanction was imposed, unless certain conditions were met. The implications of this policy shift are yet to be fully seen.
