Waive ‘Em Around Like You Just Don’t Care

This week we discuss SEC waivers granted to those with the elite 'WKSI' status. In 2005, the SEC introduced an innovative new issuer category called Well-Known Seasoned Issuer status. Qualifying for this status is a license to party.  As a WKSI, you have access to SEC-issued waivers. These are granted in the event of a criminal conviction. The way the SEC explains it, “A waiver, which could include conditions or undertakings, may be granted if a review of all of the facts and circumstances leads the Division to conclude that granting the waiver would be consistent with the public interest and the protection of investors.”