16 firms rebuffed by SEC in bid to revisit off-channel comms settlements

SEC says ‘no-can-do to’ the 16 financial firms that submitted a motion to have their recordkeeping settlements modified.

The SEC denied a motion to modify or amend settlements it inked with 16 financial firms over their failure to keep records of off-channel communications, noting that the agency and courts have long emphasized a strong interest in maintaining the finality of settlements.

The majority of commissioners said just because other

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