WASHINGTON (Reuters) – Businesses that run afoul of U.S. securities laws will not be able to seek a waiver to keep doing certain types of business as part of their settlement negotiations with the Securities and Exchange Commission (SEC), the regulator announced on Thursday.
The SEC move to separate the practice of granting waivers from its enforcement work suggests a harsher stance on the activity going forward. Companies that are found guilty of criminal conduct or fraud can be barred from certain activities, such as private capital deals, without such an SEC waiver.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.