Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Friday, April 13, 2007

New SEC Policy on Settlement Discussions

According to the Washington Post, the SEC has instituted a pilot program requiring that enforcement staff get approval from the Commission before beginning settlement discussions that would result in corporate penalties.  Since the SEC's January 2006 policy statement on corporate penalties, the agency has been slow in wrapping up a number of high-profile backdating cases, suggesting difficulties in implementing the policy.  See WPost, SEC Shift May Lead To Lower Penalties.

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