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I'm Lydia Who and this is the Fox Business Rundown.

Friday, May 22nd, 2026, silenced by the government for decades.

Now that the SEC finally drops a controversial gag rule, accused business owners can finally tell their side of the story.

When we can't speak against our government and say this process is wrong, and when they can do that to me, where I did have some capital, and I did have an education, and I did have a team of lawyers behind me. They can do it

to anyone. For decades, Americans accused of wrongdoing by the securities and exchange commission

say they were effectively muzzled by the government. Thousands of defendants who chose to settle

SEC cases were required to sign so-called no-deny agreements,

deals that barred them from publicly disputing the government's allegations even after their cases were closed.

Critics called it the SEC's gag rule.

Supporters said it helped protect the integrity of settlements.

But this week, in a major reversal, the SEC rescinded the decades-old policy.

SEC Chair Paul Atkins framed the move as a free speech issue. Others are asking, why did it take so long? Thomas Powell has been one of the most vocal

critics of the rule, even while he was legally restricted from publicly challenging the allegations

against him. Until now, for the first time Powell can speak freely about the case, he says,

cost him millions of dollars, his business,

his reputation, and sparked an eight-year fight to change the rule. I will tell you that we're still

a little nervous about the way even the press release and the actual release from the government

...