David Becker
PER
David Becker
John Nester, said that it was a regular complaint of companies that they were the subjects of a short-selling campaign and people had been feeding all sorts of nonsense about them. But he couldn't think of an instance of a subpoena being issued to the press in such a case. Under longstanding practice, the S.E.C. generally subpoenas journalists only when it is absolutely necessary and after careful thought and consideration.  A subpoena is a demand for information and does not imply that the recipient is anything more than a possible witness. A former general counsel at the Securities and Exchange Commission, David Becker, said that he's surprised at the instance of a subpoena being issued to the press in such a case since it's a regular complaint of companies that they are the subjects of a short-selling campaign and people have been feeding all sorts of nonsense about them.