Sec. & Exch. Comm'n v. Alderson

VALERIE CAPRONI, United States District Judge:

The Securities and Exchange Commission ("SEC") accuses Defendants of violating Section 206 of the Investment Advisors Act of 1940 (codified at 15 U.S.C. § 80b-6 ) by, among other things, misrepresenting the tax consequences of an investment option offered by their former employer, Brite Advisors USA, Inc. (formerly deVere *473USA, Inc. and hereinafter "DVU"). DVU has now asserted attorney-client privilege and work-product protection over documents that may be relevant to Defendants' ability to mount a defense. Those documents consist of tax opinions,…