11th Circuit Panel Upholds Rulings Ordering Parties To Comply With SEC Subpoenas

Mealey's (January 14, 2021, 9:36 AM EST) -- ATLANTA — An 11th Circuit U.S. Court of Appeals panel on Dec. 14 ruled that a federal district court did not err in ordering parties subpoenaed by the Securities and Exchange Commission as part of its investigation into a firm’s day trading activities to comply with the subpoenas for the production of testimony and documents because the subpoenas were relevant to a legitimate investigative purpose....