GAG RULE
Gag Rule
SEC's Gag Rule Faces Criticism: Commissioner Hester Peirce Calls for Reform
SEC Commissioner Hester Peirce has publicly disagreed with the agency's refusal to amend the 1972 gag rule, raising concerns over its impact on free speech and regulatory integrity. The rule, which prevents defendants from criticizing SEC allegations post-settlement, is being challenged for its constitutional implications.