The SEC has changed its settlement language policy where a defendant has already been found guilty in a criminal case.  While such defendants were previously allowed to “neither admit nor deny” the allegations, now those defendants will state that they do not deny the allegations.  Some have noted that this involves less of a substantive change in policy than merely bringing the SEC’s settlements into line with what companies have already agreed to in related ases.

Read the entire article, “SEC changes settlement rules for companies found guilty of crimes”