Debt Box counters SEC’s bid for dismissal, alleges strategic maneuver

In the Feb 14. filing, Debt Box characterized the SEC’s move as a strategic maneuver to evade possible sanctions and a permanent dismissal due to alleged misconduct.

The SEC submitted a motion to dismiss its case against Debt Box on Jan. 30, expressing its intent to assess the evidence in the case and understand the factors that might have led its legal representatives to initially make inaccurate statements to the court.

However, Debt Box argues that the SEC’s readiness to dismiss the case without prejudice is a strategic move to evade sanctions and possibly initiate a revised version of the enforcement action free from misconduct allegations:

“The SEC wants to exit this action under its own terms while retaining the option to re-file another enforcement action against the Debt Box defendants and other defendants at some undetermined time in the future, and perhaps in a different forum — as if nothing happened in this case, but something did happen in this case.”

Source: Debt Box counters SEC’s bid for dismissal, alleges strategic maneuver