Neither admit nor deny is the standard settlement posture in SEC and CFTC matters: the defendant accepts the relief without conceding the facts. It matters for how a settled case should be described — it establishes an outcome, not a finding.
law and enforcement · updated 2026-09-23
See also
Consent judgment— A consent judgment resolves an action by agreement, entered as a court order. Most SEC settlements are entered without the defenda…
Allegation— An allegation is an assertion that a regulator or prosecutor intends to prove but has not yet proved. Every filed action on this s…
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