SEC Attorneys Hit by Judge With Reprimand and Possible Sanctions in Debt Box Case

A federal judge first slapped Debt Box with a temporary restraining order, restricting its access to its assets, in August. However, he later dissolved the order after Debt Box demonstrated it had neither moved funds outside the U.S., nor closed its bank accounts two days before a hearing over the SEC’s request to freeze its funds, Debt Box’s lawyers said in a filing.