Kimberly Ferenchak, Vice President and Practice Leader at Oswald Companies has co-authored an article published in the Bloomberg BNA Securities Regulation and Law Report, Fallout from the SEC’s Move to Reverse ‘No Admit or Deny’ Policy.
Joining Gene Cahill, Director at Grant Thornton; Brian Hedges, Manager at Grant Thornton; and Jayne Juvan, Partner at Roetzel, the article discusses the fallout from the SEC’s decision to reverse the “No Admit or Deny” policy from the financial, legal and risk management viewpoints.
In the feature, the team examines the historical overview of the policy as it stood prior to the ruling and offers an explanation of the SEC Chairman’s role on the ruling. They further state that the policy shift will trigger collateral consequences, such as legal fallout and litigation, and have an impact on many business transactions, current and future. It will also impact insurance policies that contain exclusions and contracts that have representation that extend to the life of the contract.
The team notes that given the intensified enforcement environment, the focus should be on violation prevention.
To read the full article, visit http://www.bna.com/securities-regulation-law-p5945/ (subscription required) Securities Regulation & Law Report™ or contact Kim Ferenchak
Subscribe to Oswald Advisories
Signup