SEC's 'Gag Rule' Denounced as 'Occupational Death Sentence'
Securities Enforcement Defense Team Co-Chair Scott Mascianica was mentioned in a Politico article about ongoing legal challenges to the U.S. Securities and Exchange Commission's (SEC) controversial "gag order" settlement policy. The article analyzes efforts by the New Civil Liberties Alliance to overturn the longstanding prohibition on defendants publicly denying allegations after settling SEC enforcement actions. Mr. Mascianica provided perspectives on how the no-deny condition can present difficult choices for defendants.
Mr. Mascianica explained that fighting the SEC in court can be costly and have potentially far-reaching consequences, calling it a "Hobson's choice" for defendants.