Tag: Subpoenas

US SEC Will Go to Court if Someone Is ‘Playing Games’ During Probes -Official

A top U.S. Securities and Exchange Commission official on Wednesday said the SEC will turn to courts to enforce its subpoena authority when someone is “playing games” or trying to delay investigations. The SEC’s enforcement director Gurbir Grewal said the agency rarely turns to a court to enforce its subpoena authority, but will do so when necessary. Grewal estimated the…

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Judge Questions if SEC Covington Client Demand Opens Floodgates

A judge questioned whether the SEC will “open the floodgates” to law firm data demands if Covington & Burling is forced to release names of 298 publicly-traded clients whose information may have been exposed in a cyberattack. The Securities and Exchange Commission lawsuit to compel Covington to release the names in the 2020 firm attack presents “challenging” questions, District Judge…

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Bitcoin Miner Marathon Receives Another Subpoena from SEC – Bloomberg

Bitcoin miner Marathon Digital Holdings said it received another subpoena from the US Securities and Exchange Commission related to an investigation of a Montana data center that may involve potential violations of securities laws. “The Company received an additional subpoena from the SEC on April 10, 2023, relating to, among other things, transactions with related parties. We understand that the…

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Covington & Burling was hacked, SEC is now suing the D.C. law firm

Covington said it had already engaged in an “extensive internal review,” court filings show, and devoted nearly 500 hours of attorney time in an effort to comply with the SEC’s requests for information. The review involved nine Covington attorneys, including a former SEC associate director, and concluded that the compromised data of only seven of the 298 impacted clients “might…

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Robinhood Subpoenaed by SEC Over Brokerage’s Crypto Business – Bloomberg

Robinhood Markets Inc. said the Securities and Exchange Commission was probing its cryptocurrency business, in the latest signal that the regulator is drilling deeper into virtual asset platforms. The brokerage received an investigative subpoena in December related to its cryptocurrency listings and custody, among other topics, Menlo Park, California-based Robinhood said Monday in a filing. The SEC inquiry came shortly…

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Attorney-Client Confidentiality at Stake in Covington’s Dispute With SEC? White-Collar Lawyers Weigh In | Law.com

Covington & Burling’s dispute with the Securities and Exchange Commission over regulators’ access to client information has implications for the sanctity of attorney-client relationships, according to white-collar lawyers contacted for this report. The SEC sued the firm early this week, demanding that it comply with a subpoena for the identities of 298 clients whose information was reported to have been…

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