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FYI: The SEC can issue an "administrative subpoena" on its own authority, created by Congress. They're only tested in court if you refuse, at which point the SE
by patio11 7y ago
FYI: The SEC can issue an "administrative subpoena" on its own authority, created by Congress. They're only tested in court if you refuse, at which point the SEC (or similar agency) can go to any court of competent jurisdiction.
This is not an unusual state of affairs; something like ~300 federal enforcement missions can independently issue subpeonas.