Last November, when Judge Rakoff rejected a negotiated settlement between the Securities and Exchange Commission and Citigroup, it captured the attention of the public and really focused us, in Congress, on just how frequently our financial regulators enter into 'neither admit nor deny' settlements with the firms they regulate.
Waters highlights the public's concern over SEC settlements without admissions of wrongdoing.
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More from Maxine Waters
Mr. Speaker, I yield myself such time as I may consume. As I laid out in my opening remarks, this bill confusingly duplicates and conflicts with existing law. To be clear, this bill would add new language rather than amending the existing…
Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, before I begin, I would like to take a moment to acknowledge the 23rd anniversary of the September 11 terrorist attacks. Today will serve as a reminder that we should…
Mr. Speaker, I yield myself the balance of my time for closing. H.R. 9456 undercuts not only a bipartisan accomplishment from 6 months ago, but also our government's ability to stop adversarial countries like China and Russia from…
Mr. Speaker, I yield 1 minute to the gentlewoman from Ohio (Mrs. Beatty), who is also the ranking member of the Subcommittee on National Security, Illicit Finance, and International Financial Institutions.
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