United States Securities and Exchange Commission v. Western International Securities, Inc.

Case 2:22-cv-04119-ODW-AFM Document Filed 03/13/ Page 1 of Page ID #:781

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United States District Court Central District of California

11 UNITED STATES SECURITIES AND Case № 2:22-cv-04119-ODW (AFMx)

EXCHANGE COMMISSION,

ORDER GRANTING IN PART AND Plaintiff, DENYING IN PART PLAINTIFF’S v. MOTION TO STRIKE AFFIRMATIVE DEFENSES [56]

WESTERN INTERNATIONAL

15 SECURITIES, INC. et al.,

Defendants.

17 I. INTRODUCTION Plaintiff United States Securities and Exchange Commission (“SEC”) brings 20 suit against Defendant Western International Securities, Inc. (“Western”) and five of 21 its registered representatives for violating SEC Regulation Best Interest in connection 22 with recommending and brokering the purchase of high-risk, illiquid L Bonds for 23 Western’s retail investor clients. The SEC now moves to strike several of Defendants’ 24 affirmative defenses. (Mot. Strike (“Motion” or “Mot.”), ECF No.…