SEC uses Sarbanes-Oxley section 1103 to temporarily freeze proposed payments to public company officers:
The U.S. Court of Appeals for the 9th Cir. recently upheld the right of the SEC to seek a temporary freeze on certain funds that a company proposes to pay to a company officer, director or affiliate during a limited time in which the SEC is investigating possible securities fraud. See, SEC v. Yuen (9th Cir. U.S. Court of Appeals).
Dave Tate, CPA, Esq.