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Court Denies SEC's Attempt To Get Telegram's Complete Bank Records
Summary: The Securities and Exchange Commission’s (SEC) has had their request to get complete bank records from Telegram related to its token sales denied by the New York Southern District Court. According to a report from FinanceFeeds, the court held a telephone conference with parties on Monday and Judge P. Kevin Castel signed an order to ...
The Securities and Exchange Commission’s (SEC) has had their request to get complete bank records from Telegram related to its token sales denied by the New York Southern District Court.
According to a report from FinanceFeeds, the court held a telephone conference with parties on Monday and Judge P. Kevin Castel signed an order to deny without prejudice the SEC’s letter motion to compel. However, the SEC will have the opportunity to access some of the requested information. Telegram has until Jan.9 to declare a proposed schedule to review the requested bank records as to ensure that the productions of the records complies with foreign data privacy laws.
By Roland James
Tags: Bank Records,Court,Denies,Rejects,SEC
Link: Court Denies SEC's Attempt To Get Telegram's Complete Bank Records [Copy]
