SEC tells Sen. Warren it's reviewing settlement policy

06/11/2013 | Huffington Post, The

The Securities and Exchange Commission is examining its policy of permitting banks to reach settlements with the regulatory body without admitting guilt, according to a letter SEC Chairwoman Mary Jo White sent to Sen. Elizabeth Warren, D-Mass. "I am actively reviewing the scope of the Commission's neither-admit-nor-deny settlement policy with the leadership of the Division of Enforcement to determine what, if any, changes may be warranted and whether the SEC is making full appropriate use of its leverage in the settlement process," White said in the letter, which responds to questions Warren asked in letters to the SEC and other officials last month.

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