Two SEC lawyers were forced to resign due to abuse of power
2024-04-22 20:55:22
Two U.S. SEC lawyers have been forced to resign over abuse of power. The Utah District Court has ordered the SEC to pay Debt Box's legal costs. The judge criticized the SEC for making false statements when it sought a restraining order, saying it "compromised the integrity of the proceedings". The SEC offered to drop the case but was overruled by the judge, ruling it abused its power. Senate Republicans have denounced the SEC's conduct as unethical and called for a review of other cases. The case is still ongoing and has attracted much attention.
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