Order

Coin

<ul class="news-points"> 
 <li>Binance files a motion in court to issue a protective order against the SEC.</li> 
 <li>The motion comes following the regulator’s deposition notice and recovery request.</li> 
 <li>The platform asserts that the SEC is engaged in a fishing expedition instead of a narrow discovery.&nbsp;</li> 
</ul> 
<a href="https://coinedition.com/tag/binance-news/" rel="noopener noreferrer nofollow">Binance</a>, the world’s largest cryptocurrency exchange, filed a court motion on Monday, requesting a protective order against what it described as a “fishing expedition” by the Securities and Exchange Commission’s (SEC). The motion came following the regulator’s deposition notice and recovery requests, which refute the notion that Binance has not provided adequate information to the SEC. 
The court filing was submitted by BAM Trading, the holder of Binance.US alleging the SEC’s move against the company has been “over-broad” and “unduly burdensome”. Reflecting on the regulator’s requirements, BAM Trading asserted, “The SEC is conducting a fishing expedition instead of seeking the narrow and ‘limited’ discovery authorized by the Consent Order to ensure customer assets are presently secure and available”. 
BAM reiterated that the SEC’s position is “unreasonable” as the … 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/binance-files-motion-for-protective-order-against-the-sec-report/">Binance Files Motion for Protective Order Against the SEC: Report</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Binance Files Motion for Protective Order Against the SEC: Report

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