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Ripple Labs Executives File to Dismiss SEC Request for Personal Finance Information
Mar 12 2021 · 13:23 UTC by Tolu Ajiboye · 3 min read
Photo: Depositphotos
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Both Ripple Labs execs have filed to squash SEC subpoenas to six banks that they provide personal financial information as part of the lawsuit.
Ripple Labs Chief Executive Officer Brad Garlinghouse and Executive Chairman Chris Larsen are currently in a row with the US Securities and Exchange Commission (SEC). The Ripple Labs executives are refusing a demand from the SEC to obtain their personal financial information. 
The SEC is investigating Ripple Labs and has claimed that the company deliberately misled its investors. The Commission is also claiming that Ripple manipulated the price of XRP, thereby creating an information vacuum that deceived investors.  ....

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