SEC To Be Slightly Less Wimpy About Letting Violators Get Away Without Admitting Guilt

SEC To Be Slightly Less Wimpy About Letting Violators Get Away Without Admitting Guilt

The Securities and Exchange Commission has been taking a lot of heat recently after a federal judge refused to sign off on its $285 million settlement with Citigroup because, as is usual in these types of deals, the bank would neither admit its guilt nor profess innocence, and no evidence was ever entered into the record. But now the SEC says it won’t be letting rulebreakers get off so easily — well, at least not all the time. [More]