Ex-Trader Still On Hook For Tips From Insider's Wife

Law360, New York (October 22, 2010, 5:55 PM EDT) -- A federal judge has refused to dismiss a case against accused inside trader Daniel Corbin after he claimed that he was not party to a crime because his alleged co-conspirator broke no recognized fiduciary relationship when he passed along confidential information learned from his wife, a communications manager for major companies.

Thursday’s ruling from Judge Victor Marrero of the U.S. District Court for the Southern District of New York comes six months after Corbin, a former day trader in Miami, was indicted for allegedly making more...
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