Political Quotes

On the recordMay 16, 2012
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.
Said by
Maxine Waters
Democratic · California

Editor's note · Context

Waters highlights the public's concern over SEC settlements without admissions of wrongdoing.

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