Mealey's (February 13, 2019, 1:38 PM EST) -- NEW YORK — A federal judge in New York on Feb. 11 ruled that depositions sought by a defendant in an investment fraud action appear to have “no substantial purpose,” granting the Securities and Exchange Commission’s motion for a protective order (Securities and Exchange Commission v. Mohammed Ali Rashid, No. 17-8223, S.D. N.Y., 2019 U.S. Dist. LEXIS 21902)....