Last year, the SEC filed a lawsuit against DEBT Box, alleging a fraud scheme.
Last month, the SEC announced its intention to dismiss the action without prejudice.
The U.S Securities and Exchange Commission moved last month to dismiss DEBT Box’s lawsuit after the agency confessed making false claims in court. DEBT Box requested the judge to reject this motion. Last year, the SEC filed a lawsuit against Digital Licensing Inc., which operates under the name DEBT Box, alleging a fraud scheme.
DEBT Box said in a filing on Wednesday:
“The SEC wants a double standard–it wants to be treated differently before federal courts than those that it regulates or attempts to regulate. When an individual or entity is suspected of making materially false and misleading statements in the securities market, the SEC brings charges under the anti-fraud provisions of the federal securities laws and seeks the heaviest monetary and non-monetary sanctions that it believes it can obtain in court.”
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