Critics Ramp Up Ongoing Battle With SEC Over Settlement 'Gag Rule' in 9th Circuit – Law.com

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The policy, enacted by the federal securities markets regulator in 1972, prohibits individuals and companies settling with the SEC from publicly admitting or denying the SEC’s allegations against them. According to the NCLA, the rule is a First Amendment violation.
October 09, 2024 at 06:38 PM
7 minute read
The New Civil Liberties Alliance filed a new reply brief on Monday in a lawsuit against the Securities and Exchange Commission asking the U.S. Court of Appeals for the Ninth Circuit to  vacate the SEC’s denial to amend its “No Admit/No Deny” settlement rule, also known more pejoratively as the “gag rule.”
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