And last year, the Mortgage Guaranty Insurance Corporation agreed to pay more than $500,000 to settle a Justice Department lawsuit charging that the company wrongly denied policies to women on maternity leave.
Or that it has eradicated medical underwriting — that process by which insurance coverage denied policies to people with pre-existing conditions or jacked up their rates to unaffordable levels.
For high-risk individuals who have been denied policies based on pre-existing conditions, or who have been offered unaffordable choices from private insurers, state risk pools exist in some states in order to force insurers to take on previously uninsurable patients.
The S.E.C. fashioned its "neither admit nor deny" policy in the 1970s, when Wall Street was far different.
"The North Koreans said they had adopted a 'neither confirm nor deny' policy toward the uranium issue," Mr. Gregg said.
The S.E.C. recently revised its "neither admit nor deny" policy to forbid the practice in settlements where a company has admitted guilt in a related criminal case.
Speaking outside court Ms Ofer said that the neither confirm nor deny policy should not apply in his case as precedents had already been set.
Mr. Khuzami said that the "neither admit nor deny" policy was used by the S.E.C. against companies other than Wall Street firms.
Ms May also wants to follow the "neither confirm nor deny" policy regarding whether Mr Gartland was ever an informant or agent of the state or not.
Judge Rakoff has taken aim at the S.E.C.'s long standing "neither admit nor deny" policy, which allows companies to settle enforcement cases without acknowledging wrongdoing.
