On July 3, 2019, SEC Chairman Jay Clayton issued a “Statement Regarding Offers of Settlement” (the “Statement”), announcing important changes to how the SEC will consider future requests for waivers from disqualifications in settlements. The Statement may have been in response to the Bad Actor Disqualification Act of
Corporate Defense and Disputes
Emerging developments in securities law, white-collar criminal defense, and regulatory compliance and enforcement in the asset management industry.