SEC Moves to End ‘Gag Rule’ Criticized by Musk and Cuban (1)

The White House is reviewing a plan for the Securities and Exchange Commission to end its decades-old policy that lets companies and people settle enforcement actions without admitting wrongdoing if they also promise not to dispute the allegations.

The White House Office of Management and Budget received the regulator’s measure to end the policy — known among critics as the “gag rule” — on May 8, according to a post on a government website.

The SEC for more than 50 years has allowed parties to settle without admitting wrongdoing, but they risked voiding the deal if they publicly pushed back ...