uhhh... don't think so. although jared didn't admit guilt, he still committed securities fraud and money laundering. the sec does not conduct criminal investigations. jared could very easily be charged criminally.
that is incorrect. if the sec found evidence of criminal wrongdoing, or if the sec was at all stymied in their investigation, there would be nothing preventing the justice department from investigating and filing charges. there are many cases of federal charges being filed after a company has settled with the sec. sec civil cases are very different than justice department federal cases.