The SEC Repealed the Gag Rule. While It's a Victory for Free Speech and NCLA, It's Not Over.
In this episode of Unwritten Law, NCLA President and Chief Legal Officer Mark Chenoweth, Senior Litigation Counsel John Vecchione, and Senior Litigation Counsel Peggy Little discuss a major development in Powell v. SEC: the SEC has formally rescinded its decades-old gag rule.
The rule prohibited settling defendants from publicly denying the SEC's allegations against them, often leaving individuals silenced for years—or even decades—after their cases ended. The repeal marks a significant victory for free speech and follows years of litigation, advocacy, and a Supreme Court petition filed on…
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