Recent Posts

SEC Settlements: Is “Neither Admit Nor Deny” a Thing of the Past?
Posted on 24 Mar 2011 by Thomas O. Gorman

There was a time when the SEC settled a case, filed the papers with the court and the action was resolved. That still happens in most of its cases. But to paraphrase a well-known poet and songwriter, "the times they maybe a-changin." (Apologies... Read More

Neither Admit Nor Deny Is Not the Issue in SEC Settlements
Posted on 21 May 2012 by Thomas O. Gorman

The SEC's long established settlement practice of resolving enforcement actions without requiring an admission of liability - that is, on a neither admit nor deny basis - came under scrutiny again last week. On May 17, 2012 a House Committee held... Read More