SEC to close Salt Lake office after 'gross abuse of power' in Utah crypto case

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SEC to close Salt Lake office after 'gross abuse of power' in Utah crypto case
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The closure of the Salt Lake office follows the case a judge called 'deeply troubling,' leading to the sanctioning of SEC prosecutors who presented false information and lost $1.8 million in attorneys' fees.

<p>SALT LAKE CITY — U.S. Securities and Exchange Commission announced Tuesday it will be closing the Salt Lake office later this year.

 Chief District Judge Robert Shelby upbraided the commission, saying it recklessly used &quot&#x3B;layers of false statements&quot&#x3B; in a &quot&#x3B;gross abuse of power,&quot&#x3B; their misrepresentations were &a

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