Lynn Tilton, the New York financier accused by the U.S. Securities and Exchange Commission of defrauding her investors, on Friday sued the regulator to stop it from pursuing unfair in-house enforcement cases against her and others.
The lawsuit filed in Manhattan federal court by Tilton and her firm Patriarch Partners accused the SEC of violating their constitutional rights to due process and equal protection.
‘Enforcement 40’ for 2020
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