Government
Aug. 3, 2013
Mea culpa? SEC policy over admissions met by skeptics
Attorneys who defend companies and individuals in lawsuits by the Securities and Exchange Commission are concerned about a recently announced policy that would force their clients to concede wrongdoing as a condition of settlement.
Daily Journal Staff Writer
It means a lot to admit you were wrong. So attorneys who defend companies and individuals in lawsuits brought by the Securities and Exchange Commission are concerned about a recently-announced policy that would force their clients to concede wrongdoing as a condition of settlement. Seeking admissions of fault in certain cases is a departure from a longstanding SEC practice of allowing companies and individua...
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