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

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