SEC Seeks Order Requiring John A. Henderson and Global Resources Leadership, LLC to Comply with Subpoenas
Litigation Release No. 24250 / August 29, 2018
Securities and Exchange Commission v. John A. Henderson and Global Resources Leadership, LLC, No. 1:18-mc-00115 (D.D.C.) filed August 27, 2018
The Securities and Exchange Commission has filed a subpoena enforcement action against John A. Henderson and Global Resources Leadership, LLC, an Illinois-based limited liability company, seeking an order directing Henderson to comply with an investigative subpoena for his testimony and Global Resources Leadership to comply with an investigative subpoena for documents.
According to the application and supporting papers, which were filed in the United States District Court for the District of Columbia, the SEC is investigating potential violations of the federal securities laws in connection with Global Resources Leadership's joint venture arrangement with a third party to raise money from investors to buy and sell crude oil. The joint venture arrangement was entered into in or about 2015.
On May 14, 2018 the SEC issued a subpoena for Henderson's testimony and a subpoena for documents from Global Resources Leadership. Henderson failed to appear as required by the testimony subpoena and has refused to provide a date on which he would appear for testimony. Global Resources Leadership has failed to produce any records pursuant to the document subpoena.
As stated in the SEC's application, a subpoena enforcement action is appropriate where the information sought from the witness is relevant to the investigation. The application does not reflect a determination by the SEC or its staff that Henderson or Global Resources Leadership has violated provisions of the federal securities laws at issue in the investigation.