SEC’s Reboot on Waiver Requests in Enforcement Settlements
October 10, 2019 | New York Law Journal
When companies consider resolving an SEC enforcement action, they sometimes learn too late about so called “bad-boy” provisions that will inflict serious collateral consequences on their business unless the SEC provides a waiver. In this article, we discuss SEC Chairman Jay Clayton’s recently announced change in how the SEC will consider such waiver requests, which should rationalize the waiver process and provide greater certainty to companies and their shareholders regarding the consequences of enforcement settlements.
SEC’s Reboot on Waiver Requests in Enforcement Settlements (pdf | 258.76 KB)