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

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

July 15, 2019, The Wall Street Journal

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.