The SEC Citigroup Settlement Saga May Mean Longer Investigations
January 2nd, 2012 | 9:11amPosted by in Chief Compliance Officers | Inspections & Investigations | Litigation | Regulatory Actions | Regulatory Guidance
As a follow up to our post of December 15, where we asked whether settling enforcement actions might become harder after Judge Jed Rakoff rejected the recent settlement between the SEC and Citigroup, one thing is clear, it will certainly be harder for the SEC to settle cases before federal judges like Rakoff who may be troubled by settlements in which a defendant is allowed to neither admit … Read more
