SEC Commissioner Dissents from Denial of Petition to Change No-Admit, No-Deny Policy
Reynolds Holding
JANUARY 30, 2024
Yet, as discussed above, the Commission’s rationale of record—that the no-deny policy is necessary to “avoid creating, or permitting to be created, an impression that a decree is being entered or a sanction imposed, when the conduct alleged did not, in fact occur”—lacks firm footing. See [link]. [12] 4534, 1970 WL 104562 (Feb. 2d at 309. [34]
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