SEC v. Morgan Cooper, No. LR-17876, District of Columbia — Press Release

The SEC filed a subpoena enforcement action against Morgan Cooper, former CEO of Morgan Cooper, Inc., for willfully failing to appear for testimony and ignoring rescheduling requests in an investigation into his company, seeking a court order to compel compliance without alleging specific financial fraud or damages.

The Securities and Exchange Commission (SEC) filed a subpoena enforcement action against Morgan Cooper, former Chairman and CEO of Morgan Cooper, Inc., for failing to appear for testimony and disregarding requests to reschedule, as part of an investigation into potential securities violations. The filing did not allege specific financial fraud, criminal charges, or monetary damages, focusing solely on Cooper’s noncompliance with a lawful subpoena. The SEC sought a court order compelling Cooper to appear for testimony and fully comply with the subpoena, with the matter pending in the U.S. District Court for the District of Columbia.

The Securities and Exchange Commission (SEC) filed a subpoena enforcement action against Morgan Cooper, former Chairman and Chief Executive Officer of Morgan Cooper, Inc., for failing to appear for testimony and ignoring staff requests to reschedule, as part of an ongoing investigation into his company. The SEC alleged that Cooper willfully disregarded a lawful subpoena issued in connection with its inquiry into potential securities violations, but did not assert specific fraud charges, financial misconduct, or dollar amounts in this filing. The action was purely procedural, aimed at compelling Cooper’s cooperation with the regulatory investigation rather than prosecuting underlying securities violations. The SEC requested that the U.S. District Court for the District of Columbia issue an order requiring Cooper to show cause why he should not be compelled to appear and fully comply with the subpoena. No criminal penalties or civil fines were sought at this stage—only judicial enforcement of the subpoena’s authority. The matter remained pending as of the filing date of December 4, 2002, with no indication of resolution in the provided excerpt. This enforcement action underscores the SEC’s authority to pursue noncompliance with investigative subpoenas as a standalone violation of regulatory process.