Defense lawyers report that in recent months, the SEC is increasingly requesting the production of electronic storage devices (ESDs) in its investigative subpoenas. ESDs include things like laptops, hard drives, printers and smartphones. The SEC’s push for ESDs is meeting resistance from some defense lawyers and consultants, who believe such requests are overbroad, and amount to a request “for a whole filing cabinet, rather than specific types of documents, which is what [the SEC] usually does,” Reuters reports.
