PM to SEC Superiority Guy

Sources

@creepycoug

Saw this on twitter - wondering if this is legal? It's redacted, omits a lot of the boiler language that suggests a refusal to provide info is a matter of course, and may have been doctored from another FOIA response altogether...

https://twitter.com/CulperResearch/status/1382048583676014594

creepycoug

Can't say definitively what the current version of that letter is supposed to look like - because I'm a good securities lawyer and that shit doesn't happen to my boys - but, sure, there are legitimate bases to deny a FOIA request ... almost all of them are temporary of course, and the overwhelming bent in that law is to disclose.

(b)(7) is a real thing:

(7)records or information compiled for law enforcement purposes, but only to the extent that the production of such law enforcement records or information (A) could reasonably be expected to interfere with enforcement proceedings, (B) would deprive a person of a right to a fair trial or an impartial adjudication, (C) could reasonably be expected to constitute an unwarranted invasion of personal privacy, (D) could reasonably be expected to disclose the identity of a confidential source, including a State, local, or foreign agency or authority or any private institution which furnished information on a confidential basis, and, in the case of a record or information compiled by criminal law enforcement authority in the course of a criminal investigation or by an agency conducting a lawful national security intelligence investigation, information furnished by a confidential source, (E) would disclose techniques and procedures for law enforcement investigations or prosecutions, or would disclose guidelines for law enforcement investigations or prosecutions if such disclosure could reasonably be expected to risk circumvention of the law, or (F) could reasonably be expected to endanger the life or physical safety of any individual;

Also, SOS is being sued derivatively in a class action, so, yeah, probably:

New York, New York--(Newsfile Corp. - April 14, 2021) - Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against SOS Limited ("SOS" or "the Company") (NYSE: SOS) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired SOS American depository shares ("ADSs") between July 22, 2020 and February 25, 2021, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/sos.

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.