(Bloomberg) -- Companies usually keep a low profile when the SEC investigates them. Robert DePalo decided to sue.
DePalo is accusing the SEC of asking investors leading and alarming questions during a 2 1/2-year probe of his Arjent, a New York-based brokerage with 40 employees, according to a complaint filed in Manhattan federal court. He said hes done nothing wrong and that the regulator, which hasnt taken action against Arjent, is biased against small Wall Street firms.
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