Subpoenas In SEC Securities Fraud Investigation Properly Served, Panel Rules

Mealey's (June 9, 2022, 2:11 PM EDT) -- NEW YORK — A federal district court did not abuse its discretion in determining that a company and its CEO were properly served with subpoenas by the Securities and Exchange Commission in connection with the agency’s investigation into allegations of securities fraud on the part of the parties, a Second Circuit U.S. Court of Appeals panel ruled June 8 in affirming....