Federal Lawsuit Challenges SEC’s Lifetime Gag Order Policy
January 23, 2019
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“The Cato Institute, based in Washington, says the policy serves to silence potential critics of the SEC’s vast civil enforcement powers, thereby violating First Amendment protections of free speech and a free press.
The policy is particularly problematic, the group says, when as a condition of accepting any civil settlement proposal as a means of avoiding trial, the mandatory perpetual gag orders can also mask agency wrongdoing.”