A United States district court has imposed sanctions on the Securities and Exchange Commission (SEC) for acting in "bad faith" in a lawsuit it brought against Debt Box.
The SEC initially filed a motion to dismiss without prejudice but that was denied by Judge Robert J. Shelby, who slammed the regulator for intentionally lying to the court about evidence it obtained to secure a temporary restraining order (TRO) and freeze of Debt Box's assets last August.
https://cointelegraph.com/news/sec-s-conduct-in-debtbox-case-constituted-a-gross-abuse-of-power