James L. Koutoulas

The U.S. Securities and Exchange Commission issued a Litigation Release regarding James L. Koutoulas v. Securities and Exchange Commission, No. 24-12376. On May 8, 2025, the Eleventh Circuit granted appellant James L. Koutoulas's unopposed motion to dismiss his appeal from a district court order compelling him to respond to an administrative subpoena issued by the SEC. The Eleventh Circuit vacated the district court's judgment and remanded the case for dismissal due to mootness, as the Commission had concluded the underlying investigation. This decision brings an end to the enforcement of the administrative subpoena.