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In a scathing opinion, Southern District of New York Judge Ronnie Abrams recently blasted the SEC's standard demand that defendants settling with the Commission agree never to deny...
SDNY Judge Ronnie Abrams blasted SEC demand that defendants settling with Commission agree never to deny allegations. Judge's decision in SEC v. Moraes approved consent decree containing usual no admit, no deny provision in light of Second Circuit SEC v. Romeril decision.