One more federal judge has joined the small, but growing, number of jurists who disagree with the SEC’s long-standing policy that settling defendants can “neither admit nor deny” the agency’s charges against them. Via Alison Frankel’s “On the Case” column I see that U.S. Senior District Judge John L. Kane (D. Colo.) saw fit to blow up the SEC’s proposed settlement with Bridge Premium Finance and certain of its executives in an Order dated January 17, 2013 for this very reason.
