Norm Champ, the director of the SEC's division of investment management, was in New York City Thursday. He spoke to the Practising Law Institute's annual hedge fund management seminar.
Entries in sSecurities and Exchange Commission (3)
From SEC Commissioner Daniel M. Gallagher's remarks at the 67th National Conference of the Society of Corporate Secretaries & Governance Professionals, Seattle, Washington on July 11, 2013:
In 2012, the SEC announced that it would no longer enter into “neither admit nor deny” settlements with companies or individuals who had admitted relevant facts in parallel DOJ dispositions. Since then, the SEC has made good on that promise by requiring such factual admissions in resolving FCPA cases, but only to the extent covered by the DOJ pleadings -- implicitly leaving other allegations under the usual neither admit nor deny approach.