Feigin v. Colorado National Bank, N.A.

In this case the trial court entered an order directing the petitioner, State of Colorado Securities Commissioner Philip A. Feig-in (the commissioner), to reimburse the respondent, Colorado National Bank, N.A. (the bank), for costs incurred by the bank in complying with an administrative subpoena duces tecum issued by the commissioner pursuant to the Colorado Securities Act (the Act). §§ 11-51-101 to -908, 4B C.R.S. (1994 Supp.). The commissioner has appealed that order.1 We conclude that under the circumstances the trial court abused its discretion. We therefore reverse the trial court’s…