Courts rarely impose sanctions against government agencies. However, a federal judge recently imposed over $10,000 in sanctions against the Securities and Exchange Commission (“SEC”) under FRCP Rule 45 because (1) he found an SEC subpoena “blatantly overbroad,” and (2) the agency “did not take steps to avoid imposing an undue burden” on the party responding to the subpoena.

Peter Boutin of Keesal, Young & Logan’s San Francisco office (with the able assistance of KYL Partner Chris Stecher and KYL Law Clerk Taylor Altman) recently authored an article that examines the decision granting sanctions against the SEC. The article was published by the Daily Journal on November 29, 2016.

Linked here with the permission of the Daily Journal is a reprint of the article.

Keesal, Young & Logan Securities Group

This information has been prepared by Keesal, Young & Logan for informational purposes only and is not legal advice.  Transmission of the information is not intended to create, and receipt does not constitute, an attorney-client relationship between you and Keesal, Young Logan.  You should not act upon this information without seeking professional counsel.