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 U.S. watchdog is in denial about denials

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U.S. watchdog is in denial about denials Vide
PostSubject: U.S. watchdog is in denial about denials   U.S. watchdog is in denial about denials Icon_minitimeFri Jan 11, 2019 11:34 pm
Wall Street’s top watchdog has a bad case of denial – about denials. As a condition of settling cases, the Securities and Exchange Commission typically bars alleged wrongdoers from later claiming they’re innocent. This so-called gag rule arguably violates free-speech rights, though. If a new lawsuit challenging it succeeds, the regulator may finally have to start – gasp! – proving its accusations.

U.S. watchdog is in denial about denials ?m=02&d=20190111&t=2&i=1344686544&r=LYNXNPEF0A1EG&w=1280

The suit was filed on Wednesday by the Cato Institute, a libertarian think tank that wants to publish a currently anonymous author’s memoir about being forced to settle what he contends were the SEC’s false charges of running a Ponzi scheme. Cato says the book would probably violate the author’s agreement to keep quiet and has asked a federal court in Washington, D.C. to strike down the promise as unconstitutional.

https://www.reuters.com/article/us-usa-sec-breakingviews/breakingviews-holding-u-s-watchdog-is-in-denial-about-denials-idUSKCN1P527D
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