Feigin v. Alexa Group, Ltd.

We granted certiorari to determine whether the court of appeals erred in applying a de novo standard of review, in allowing the Investors to intervene, and whether, by doing so, it improperly created a fiduciary or agency relationship between the Colorado Securities Commissioner (the "Commissioner") and the Investors in enforcement proceedings under section 11-51-602, 3 C.R.S. (2000). We now hold that a de novo standard of review is appropriate when reviewing a trial court's denial of a motion to intervene under CRCP. 24(a). We further hold that the Investors had a valid interest in the civil…