SEC Commissioner Dissents from Denial of Petition to Change No-Admit, No-Deny Policy
Reynolds Holding
JANUARY 30, 2024
I dissent from the Commission’s denial of a petition to amend Rule 202.5(e), 2] In that same policy, the Commission articulated its belief “that a refusal to admit the allegations is equivalent to a denial, unless the defendant or respondent states that he neither admits nor denies the allegations.” [3]
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