Securities & Exchange Commission v. City of Miami

ORDER

CECILIA M. ALTONAGA, District Judge.

THIS CAUSE came before the Court on Defendant, City of Miami’s (“City[’sj”) Motion to Dismiss ... (“Motion”) [ECF No. 28], filed October 7, 2013. Plaintiff, Securities and Exchange Commission (“Commission” or the “SEC”), filed a Response ... (“Response”) [ECF No. 43], on November 8, 2013, and the City filed its Reply ... (“Reply”) [ECF No. 49], on November 25, 2013. The Court has carefully reviewed the parties’ written submissions and applicable law.

I. BACKGROUND

Introduction. In March 2003, the Commission issued a cease-and-desist order against the…