SEC Rescinds Policy Regarding Denials of Settlements in Enforcement Actions
Action Required: Review internal enforcement response protocols and consult with legal counsel regarding how this policy shift impacts potential settlement strategies.
The SEC has rescinded a policy (Rule 202.5(e)) that previously required defendants to admit or deny allegations in settlements involving sanctions. This change signals a shift in the SEC's enforcement strategy, potentially altering how firms approach settlement negotiations and risk management regarding regulatory enforcement actions.
Read full article at SEC Press ReleasesWant the full daily Briefing?
30 stories like this every day, with Action Required call-outs and direct lines to ask Aria — finsay's AI compliance assistant.
Try free for 14 daysRelated stories
- Trump Accounts auto-opened Oct. 1 but have your clients claimed theirs?
New 'Trump Accounts' (likely referring to specific 529 or similar savings vehicles) were auto-opened on October 1, but many remain unclaimed…
- SEC Crypto Custody Proposal Draws Divisive Reactions
The SEC has proposed new rules that could allow financial advisors to self-custody crypto assets under specific conditions, aiming to reduce…
- SEC Proposal Would Address How Investment Advisers and Funds Can Custody Crypto Assets Under the Federal Securities Laws
The SEC has proposed new rules to establish a formal framework for how registered investment advisers and funds must custody crypto assets. …