The following excerpt is from Sec. & Exch. Comm'n v. Gina Champion-Cain, Case No.: 3:19-cv-1628-LAB-AHG (S.D. Cal. 2020):
securities laws. Rather, the authority derives from the inherent power of a court of equity to fashion effective relief." SEC v. Wencke, 622 F.2d 1363, 1369 (9th Cir. 1980). Nonetheless, federal statutes do provide some authority and guidance for courts overseeing equity receiverships. In particular, 28 U.S.C. 2001 and 2002 set forth procedural and notice requirements for the sale of real property in the possession of a court-appointed receiver, while 2004 governs the sale of personal property.
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