Gregory Lemelson

The United States Securities and Exchange Commission issued an administrative ruling regarding subpoena requests for Gregory Lemelson. The Division of Enforcement sought a deposition and documents, but the request was denied due to unavailability requirements under Rule 233(b) of the Securities Exchange Act of 1934. The proceeding is subject to the 75-day timeline, and any further action will require demonstration of witness unavailability. The Division may file a motion to explain why Rule 233(b) applies or parties can agree to take testimony without subpoena.