Tag: Bank of America

The SEC’s long established settlement practice of resolving enforcement actions without requiring an admission of liability – that is, on a neither admit nor deny basis – came under scrutiny again last week. On May 17, 2012 a House Committee …

NEITHER ADMIT NOR DENY IS NOT THE ISSUE IN SEC SETTLEMENTS Read More »

Tagged with: , , , , ,

On Wednesday, November 7, 2011 Judge Rakoff will hold a hearing on the proposed settlement in SEC v. Citigroup Global Markets Inc., 11 Civ. 07387 (S.D.N.Y.). This is the Commission’s latest, significant market crisis case (here). In anticipation of the …

THE CITIGROUP SETTLEMENT: THE SEC RESPONDS TO THE COURT Read More »

Tagged with: , , ,