Binance's US subsidiaries have filed a petition with the US District Court in Colombia to restrict SEC applications to the exchange.
As reported by Reuters, the complainants have alleged that the regulator's disclosure requirements are "over broad" and "unduly burdensome."
BAM Trading, Binance's US subsidiary, and BAM Management have said in a lawsuit the group had already provided the agency with the required data.
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The motion seeks to limit the SEC to four BAM employee testimonies and to strike the testimony of BAM's CEO and CFO.
According to the release:
"The SEC has still yet to identify any evidence suggesting that customer assets were misused or dissipated in any way."