SECと和解する場合，違反に関する事実について，”neither admitting nor denying”であるのが通常です。これが変わるかも知れないという話です。
SEC Actions writes:
The SEC is making a significant change to its Enforcement program which could impact any company or person settling an enforcement action as well as the program of the agency. SEC Chair Mary Jo White stated that the agency is going to change the way it settles enforcement actions, modifying its much criticized “neither admit nor deny” policy. Now, in select cases, the Commission will require that admissions be made as a condition of settling rather than permitting the defendant to “neither admit nor deny” the allegations in the complaint of its enforcement action.