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Why did the (SEC) Securities and Exchange Commission ask the Court to appoint a Receiver?

April 26, 2017appoint Commission Court exchange receiver sec securities

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Why did the (SEC) Securities and Exchange Commission ask the Court to appoint a Receiver?

1 Answer

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The Receiver is an independent fiduciary who becomes an agent of the Court upon his appointment. As such he undertakes the appropriate investigations and reporting as directed in the Court’s Order.