Author: Mas Harntha

Acting SEC Chair Announces New Policy on Waivers and Settlements, Investigative Authority

On February 11, 2021, Acting SEC Chair Allison Herren Lee announced that the Division of Enforcement will no longer recommend to the Commission a settlement offer that is conditioned on granting a waiver from automatic disqualifications that arise from certain violations or sanctions. Both Commissioners Peirce and Roisman disagreed with the policy change.