Covington & Burling’s dispute with the Securities and Change Fee over regulators’ entry to shopper info has implications for the sanctity of attorney-client relationships, in keeping with white-collar attorneys contacted for this report.
The SEC sued the firm early this week, demanding that it adjust to a subpoena for the identities of 298 shoppers whose info was reported to have been breached throughout a 2020 cyberattack. Regulators say they’re investigating the opportunity of insider buying and selling or different securities violations that resulted from the 2020 breach, not essentially involving the agency’s shoppers.
