SEC commissioner urges selective use of new settlement policy

The U.S. Securities and Exchange Commission should focus its new policy of seeking admissions of wrongdoing on cases such as those involving bad actors who have a high risk of being repeat offenders, SEC Republican Commissioner Daniel Gallagher said.
In an interview with Reuters this week, Gallagher for the first time publicly spoke about the changes SEC Chair Mary Jo White is making to the agency’s settlement policy and said the shift overall seems like a good step.
More on Reuters here.