SEC Refuses Request For Information On Disputed Tezos… | News

The U.S. Securities and Exchange Commission (SEC) declined to provide information on Blockchain project Tezos requested by attorney David Silver via the Freedom of Information Act (FOIA), Reuters reported Feb. 10.

Silver represents plaintiffs in a lawsuit filed against Tezos back in November, 2017, the second of several lawsuits against the company since it gathered $232 mln in a record-breaking ICO in July, 2017.

In the response letter to Silver’s request for information, the SEC denied information disclosure regarding Tezos, citing Exemption 7(A) of FOIA. According to Reuters, the letter did not imply that Trezor was under SEC investigation.

The SEC stated in the letter that such an exemption is used when the release of information could “be expected to interfere with enforcement activities”:

“This exemption protects from disclosure records compiled for law enforcement purposes, the release of which could reasonably be expected to interfere with enforcement activities. Since…

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