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SEC Divided on Clawback Policies

By | August 6, 2010

Bloomberg is reporting the SEC is in a rift over clawback policies.  “The U.S. Securities and Exchange Commission is divided over when to seize pay from executives who unwittingly benefit from accounting fraud, a rift that has triggered internal disagreements over cases, according to people with direct knowledge of the matter.”  If true, it overshadows a rough rulemaking path from the SEC on the new clawback provisions under Dodd-Frank.

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