Critics call out SEC’s PR efforts
The major sticking point is that the federal agency has issued press releases that make accusations against defendants in administrative hearings look like facts.
The U.S. Securities and Exchange Commission is treading into some ethically questionable territory, and its PR efforts are at the center of it.
More cases are going through the SEC’s own administrative hearings where it determines guilt or innocence, as well as punishments (as opposed to a judge or jury). That’s fairly standard, and the SEC is within its right to do so, but the problem comes when it issues press releases that make the accused look bad.
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