By Sarah Jarvis (February 25, 2022, 4:48 PM EST) — The U.S. Securities and Exchange Commission has urged a federal judge not to pause the enforcement of investigatory subpoenas it filed against a decentralized-finance company and its CEO, saying the company isn’t likely to win its appeal that the subpoenas were improperly served.
The SEC said in a letter response filed on Thursday that an appeal from Terraform Labs Pte. Ltd. and its CEO Do Kwon — in which Kwon alleges that the SEC violated its own regulations when it attempted to serve him in person at a cryptocurrency summit — will likely fail on appeal. For that reason, among others,…
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
- Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
- Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
- Create custom alerts for specific article and case topics and so much more!
TRY LAW360 FREE FOR SEVEN DAYS