On March 4th, a federal magistrate judge ruled that the SEC could proceed with its subpoena enforcement action against Deloitte Touche Tohmatsu. The agency seeks documents related to the auditor's work for a China-based company. The action was stayed while the SEC negotiated with Chinese regulators concerning the production of documents, but those negotiations failed. Since then, the SEC instituted an industry-wide enforcement action concerning the auditing of Chinese companies. Finding that the instant action is sufficiently different from the broader matter, the Court allows the subpoena action to move forward. SEC v. Deloitte Touche Tohmatsu CPA LTD.