SEC reverses decision on sealing, redacting some documents in Binance.US case


Observers ought to quickly get a have a look at some of inaccessible documents in the United States Securities and Exchange Commission’s (SEC) case in opposition to Binance. The documents had been sealed or redacted on the SEC’s request and are being unsealed on the request of the SEC itself.

District of Columbia District Court Magistrate Judge Zia Faruqui issued an order Sept. 15 granting the SEC’s movement to unseal or take away the redaction from the documents. The order lists 18 sealed documents and one other 9 partially sealed or redacted documents. 

Filing of sealed documents in the case of SEC v. Binance.US. Source: CourtListener

Binance and “any nonparty that claims a confidentiality designation regarding documents relating to the SEC’s Motion to Compel” will have the ability to argue in opposition to the unsealing for seven days, and the SEC can have seven days to reply to these claims.

All of the sealed documents, filed as docket no. 102, had been filed on Aug. 28. There was speculation at the time that they had been related with a U.S. Justice Department investigation of Binance. The partially sealed documents complete 117 pages. Among them are inner Binance.US documents, emails and SEC court docket filings, together with the memorandum on Binace.US’ compliance with SEC discovery efforts filed Sept. 14.

Related: Binance.US not cooperating with investigation, US SEC says in filing

The checklist in Faruqui’s order doesn’t embody all of the sealed documents filed in the case. A proposed order filed by BAM, the Binance.US holding firm, on Sept. 11, together with the SEC’s opposition doc and eight displays, were filed as sealed and are not mentioned in the order.

The SEC case in opposition to Binance.US, Binance and CEO Changpeng Zhao was initiated in June and revolves round claims of unregistered securities operations and different improprieties, together with wash gross sales. Binance.US requested a protective order in opposition to the SEC in August.

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