Securities,
Government,
Corporate,
Administrative/Regulatory
Nov. 30, 2016
Case is rare example of sanctions against federal agency
In an event almost as rare as the "supermoon" earlier this month, a federal judge recently sanctioned a government agency -- the Securities and Exchange Commission -- for issuing an overbroad subpoena.
Peter R. Boutin
Senior Counsel
Keesal, Young & Logan PC
450 Pacific Avenue
San Francisco , CA 94133
Email: peter.boutin@kyl.com
Santa Clara Univ SOL; Santa Clara CA
In an event almost as rare as the "supermoon" earlier this month, a federal judge recently sanctioned a government agency - the Securities and Exchange Commission - for issuing an overbroad subpoena.
In 2012, the SEC filed a complaint against Louis Schooler and his financial planning corporation for violating numerous federal securities laws. Louis Schooler allegedly bought undeveloped land in the American Southwest and sold it at grossly inflated prices to general partnerships compr...
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