SEC Revokes Long-standing 'No Deny' Rule

The U.S. Securities and Exchange Commission (SEC) has revoked its 'no deny' rule, which had been in place for approximately 50 years. According to ChainCatcher, this change allows defendants who reach enforcement settlements with the SEC to publicly question or deny the allegations made against them in enforcement actions. Previously, defendants were typically restricted from publicly disputing the charges after signing settlement agreements.