SEC v Debt Box: SEC Files Motion to Dismiss to Avoid Sanctions
On Tuesday, January 30, the SEC filed a Motion to Dismiss in the SEC v Debt Box case. Within the Motion to Dismiss filing, the SEC argued sanctions are inappropriate and unnecessary. The SEC also outlined corrective measures to prevent further misrepresentations. Proposed corrective measures included,
“Mandatory training for all Enforcement Division staff involved in investigations and litigation on the importance of candor and the duty to promptly correct any inaccuracies, as well as the unique conditions that apply when seeking emergency relief.”
The case grabbed…
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