Judge: SEC Not Immune From Producing Individuals For Depositions

Judge: SEC Not Immune From Producing Individuals For Depositions

MIAMI - A federal judge in Florida on June 12 denied the Securities and Exchange Commission's request for de facto immunity from depositions under Federal Rule of Civil Procedure 30(b)(6) in a lawsuit it initiated against an attorney accused of making false public statements in connection with the purchase of penny stocks because the agency can still raise objections over questions related to privileged information by asserting protections available to all litigants (Securities and Exchange Commission v. Stewart A. Merkin, No. 11-23585-CIV-GRAHAM/GOODMAN, S.D. Fla.; 2012 U.S. Dist. LEXIS 80922).

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