Davidov v. United States Securities & Exchange Commission

MEMORANDUM OPINION AND ORDER

HAIGHT, Senior District Judge.

Petitioner Jora Davidov moves to quash subpoenas issued by respondent United States Securities and Exchange Commission (“SEC”) in the underlying investigation. Movant asserts that the Right to Financial Privacy Act (“RFPA” or “the Act”), 12 U.S.C. §§ 3401-3422, prohibits these subpoenas because there is no reason to believe the information sought is relevant to a legitimate law enforcement inquiry. The SEC opposes Davidov’s motion. For the reasons that follow, the Court denies the motion to quash and enforces the subpoenas.

I. THE RFPA

Co…