Debt Box argued that the SEC’s move to dismiss is an attempt to receive special treatment in federal courts over the entities it regulates.
Software firm Debt Box is asking a Utah federal judge to deny the United States Securities and Exchange Commission’s (SEC) motion to dismiss a controversial enforcement action against it.
In the Feb 14. filing, Debt Box characterized the SEC’s move as a strategic maneuver to evade possible sanctions and a permanent dismissal due to alleged misconduct.
The SEC submitted a motion to dismiss its case against Debt Box on Jan. 30, expressing its intent to assess the evidence in the case and understand the factors that might have led its legal representatives to initially make inaccurate statements to the court.
