SEC Chairman's Stance on Waivers Gives Companies More Certainty But Does Little to Stem Controversy

David Kornblau is quoted in The Wall Street Journal regarding a new SEC policy which will change the agency’s stance on waivers. According to Mr. Kornblau, the new policy doesn’t substantively change the SEC’s decision-making process on waivers, but it may make it easier for companies to enter into settlement agreements. “It allows the companies to make those decisions in a much more certain and rational way,” he says.