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JUN 19, 2013 - Boston Herald

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SEC to require mea culpas in some big settlements

WASHINGTON — The chairman of the Securities and Exchange Commission says the agency will start requiring companies and individuals to admit wrongdoing in some big settlements.Currently, under a longstanding practice, the SEC allows companies and individuals to settle charges without admitting or denying wrongdoing. Critics, including a federal judge, have complained that policy doesn't deter repeat violations.

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