Binance asks for protective order over claims SEC is conducting ‘fishing expedition’

BAM Trading, the company behind Binance.US, filed a motion Monday to seek a protective order against the SEC.

on Monday to seek a protective order against the U.S. Securities and Exchange Commission, claiming it had provided sufficient information to the regulator.

“The SEC has declined BAM’s proposals or to meaningfully limit its requests. The SEC’s position is unreasonable and part of a broader pattern of the SEC abusing the discovery provision of the Consent Order,” BAM wrote in the court filing.

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