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THE SEC39S NEW SETTLEMENT LANGUAGE

January 14, 2012

By Linda R. Sittenfeld, CNBC Senior Producer NEW YORK (CNBC) -- The Securities and Exchange Commission has changed the language it will use in settlement agreements, eliminating the familiar "neither admit nor deny" that has shielded many a firm from civil lawsuits. But the change will only apply to defendants whose guilt has already been established in a criminal proceeding, where a higher ...



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