News | 07.05.19
Washington Offers Companies Facing Enforcement a Package Deal
The SEC has made it easier for banks, asset managers, and public companies to settle regulatory enforcement actions without damaging other parts of their business. The regulator said a company can now negotiate a penalty while at the same time seeking the waivers needed to limit the consequences of its alleged misconduct. For example, a waiver is needed to continue managing mutual funds if a bank or asset manager settles certain civil or criminal enforcement actions. SEC Chair Jay Clayton said the new waiver policy would streamline settlements. The commission could still deny a waiver even if it chooses to approve an enforcement sanction, Clayton added.
Read the full article on Wall Street Journal