New Civil Liberties Alliance’s Post

Five years ago, the SEC charged Volkswagen with fraud, which the company disputed and later assured shareholders it would contest the charges. Fast forward to last month, the SEC and Volkswagen jointly told the court that the company has agreed to pay $48 million to settle all charges. What changed? Well, like other companies that seek peace with the SEC, the agency effectively told Volkswagen to stay silent, or the deal’s off. So, what exactly doesn't the SEC want Volkswagen shareholders to know? Because of the SEC's unlawful Gag Rule, we’ll never know—nor will Volkswagen shareholders. Read more in NCLA's Russ Ryan's recent opinion piece in The Hill: https://lnkd.in/gKyMvKPv

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Rob Flynn

Project Manager at Electroimpact

6mo

Transparency is a great good, and can't be achieved with gag orders around.

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Cristina Coronado

Corporate Counsel Real Estate

6mo

Extortion

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