SEC Settlement ‘No-Deny’ Policy Rescission
Current understanding
The SEC has rescinded its informal procedural policy governing how it handled denials by respondents and defendants in settlements of judicial or administrative enforcement proceedings. Under the prior policy, settling parties were generally restricted from publicly denying the allegations they resolved through settlement; the rescission loosens that constraint. Status: final action (rescission).
Evidence log
- 2025-01-07 — SEC Act of 2025: cross-connection with sec-act-penalty-violation-aggregation: Both reflect a broader shift toward constraining SEC enforcement leverage — one by capping penalty aggregation statutorily, the other by rescinding the no-deny settlement policy administratively. (novelty: 3)
- 2026-05-21 — Rescission of Policy Regarding Denials in Settlements of Enforcement Actions: cross-connection with cftc-settlement-no-deny-policy-rescission: SEC and CFTC have both rescinded their respective ‘no-deny’ policies for enforcement settlements, reflecting a coordinated shift in federal financial enforcement practice. (novelty: 2)
Open questions
Related
Contributing findings
Rescission of Policy Regarding Denials in Settlements of Enforcement Actions
21-may-2026
novelty 2
per-area 2
introduces
A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to "Consumer Financial Protection Circular 2022-04: Insufficient Data Protection or Security for Sensitive Consumer Information".
13-apr-2026
novelty 2
per-area 1
mentions