U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 23763 / March 2, 2017
Securities and Exchange Commission v. Upstate Law Group, LLC, et al., No. 4:17-MC-00009 (N.D. Tex. filed Feb. 27, 2017)
SEC Files Subpoena Enforcement Action Against Four Entities in Investigation of Investments in Pension Income Streams
The Securities and Exchange Commission announced today that it has filed a subpoena enforcement action in the U.S. District Court for the Northern District of Texas against four respondents - Upstate Law Group, LLC; Strategic Marketing Innovators, Inc.; Performance Arbitrage Company, Inc.; and Financial Products Distributors, LLC - seeking an order compelling them to produce documents to the SEC.
According to the SEC's application and supporting papers:
The SEC's application seeks an order from the federal district court compelling respondents to comply with the SEC's subpoenas. The SEC is continuing its fact-finding investigation and, to date, has not concluded that any individual or entity has violated the federal securities laws.