28
Oct
The Securities and Exchange Commission (SEC) plans to return to a policy, requiring companies to admit wrongdoing to settle certain enforcement actions, according to the SEC Division of Enforcement Director Gurbir Grewal.
Grewal, speaking at the Practising Law Institute’s October 13 SEC Speaks conference, said the agency will require “admissions in cases ‘where heightened accountability and acceptance of responsibility are in the public interest.’”
Grewal told attendees that “hen it comes to accountability, few things rival the magnitude of wrongdoers admitting that they...