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Volume 2014 - Number 6

February 14, 2014

SEC to Push for More Admissions of Guilt in Securities Deals, But the Move Could Result in Fewer Settlements

A policy shift at the Securities and Exchange Commission requiring admission of guilt in certain cases may encourage wrongdoers in the securities market to litigate rather than settle, resulting in fewer SEC settlements, according to some compliance attorneys. Fear of possible criminal prosecution and the lasting impact of an admission of guilt could compel accused companies and individuals to take their cases to trial rather than negotiate a settlement, warned Philip Stein and Jeremy Sahn, partners in the Miami-based law firm of Bilzin Sumberg. Starting in June 2013, the SEC began requiring...

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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.

 

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