SEC Commissioner Dissents from Denial of Petition to Change No-Admit, No-Deny Policy
Reynolds Holding
JANUARY 30, 2024
The requirement that defendants must either admit or at least promise not to deny the government’s allegations of wrongdoing as a condition of settlement has not been widely adopted by federal agencies. [18] 18] Some agencies even explicitly allow settling defendants to deny the allegations of wrongdoing. [19] 37] III.
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