Will SEC Require Companies to Admit Liability?

Will SEC Require Companies to Admit Liability? Play

Feb. 1 (Bloomberg Law) -- If the Senate confirms Mary Jo White as SEC chair, will she require more companies to admit liability when they settle cases with the agency? Rick Firestone, a partner at McDermott Will & Emery LLP, tells Bloomberg Law's Lee Pacchia that it's more likely that Congress will increase financial penalties for wrongdoers than the SEC will require many more admissions of liability.

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