A federal judge who has questioned the U.S. Securities and Exchange Commission's practice of settling cases without admissions of wrongdoing is raising concerns about a proposed agreement over insider trading in H.J. Heinz Co. Concerns voiced by U.S. District Judge Jed Rakoff were detailed by the SEC in a court filing in New York federal court Thursday as it seeks approval of a $5 million settlement with two brothers from Brazil. The SEC said that in November, Rakoff questioned the agency's decision to allow the brothers to settle while neither admitting nor denying the charges. Despite a revision to the settlement, the judge has continued to raise issues, the SEC said. The dispute, which has not been previously reported, came despite a new settlement policy ushered in by SEC Chair Mary Jo White in June that would require defendants in some cases to make admissions, in contrast to letting them resolve lawsuits without admitting or denying the charges. The shift followed a public
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