SEC's Reboot on Waiver Requests in Enforcement Settlements

SEC Chairman Jay Clayton recently announced a change in how the SEC will consider requests for waivers of certain serious collateral consequences that would otherwise result from settlement of an SEC enforcement action. These collateral consequences, often referred to as "bad actor" or "bad boy" provisions, can vary greatly and may disqualify an entity from conducting certain business or utilizing certain means to offer securities.

6 minute read November 01, 2019 at 12:07 AM
By
Robert J. Anello and Richard F. Albert
SEC's Reboot on Waiver Requests in Enforcement Settlements

Securities and Exchange Commission (SEC) Chairman Jay Clayton recently announced a change in how the SEC will consider requests for waivers of certain serious collateral consequences that would otherwise result from settlement of an SEC enforcement action.

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