SEC Subpoena - Transcript

It is absolutely crucial if you receive an SCC subpoena that you hire Council immediately. This is one of those Pennywise pound foolish things that don’t be pound foolish. The SEC is a very powerful institution and if they are calling you it’s because you may have been a witness or you may be the target of an investigation.

And so it is really important to have a lawyer that can push back on the SEC to let them know that you are represented that somebody’s watching what’s going on and that you’re being taken care of.

A lot of people they hire me after they get an SEC subpoena and they say oh yeah you know the the feds uh the part of justice is at my house I have a card I told him everything. Excuse me you talked to a criminal regulator before you talk to a lawyer and they think well if I tell them everything they’ll go away no just the opposite.

And a lot of people think, well they’ll think I’m guilty if I hire a lawyer, again just the opposite. They’ll think you’re smart, they’ll know they can’t take advantage of you and they will play by the rules.

So it is critically important and you must know that a lawyer can speak to the SEC much differently than a witness. They can’t influence the testimony of a witness, so they can’t tell you for example if you’re a Target or a witness.

They can’t tell you what the investigation is about, there’s a formal order of investigation that you need to get.

There are steps that need to be taken before you sit in that chair such as being prepared. There are rules of testimony and so you need to have the tools in your toolbox to get through it unscathed.

Because if it goes further than just the subpoena it is an extremely expensive process and you can nip it in the bud.