Overview
In papers filed Friday, the SEC moved, by Order to Show Cause, to force the House Ways and Means Committee and a staffer, Brian Sutter, to comply with subpoenas issued as part of the SEC’s investigation into potential violations of the STOCK Act, which essentially extends the insider trading laws to Congress. By an agreed-upon briefing schedule, the respondents have until July 4 to answer the motion, and the SEC will reply by July 11. We will post on any developments. The WSJ has more on the dispute here. The case is before Judge Gardephe.
