The SEC is understandably loath to file subpoena enforcement actions. Such actions are basically a waste of time and resources, and involve getting a court to order people to do what they are already required to do. Sometimes, however, the SEC has no choice but to wield the “stick” of subpoena enforcement when people simply won’t comply.
via SEC Files Rare Subpoena Enforcement Action Over Failure to Testify | Compliance Week
