Atty Says SEC Ignored Truth In Case Against Citigroup's Stoker

Law360, New York (July 30, 2012, 6:34 PM EDT) -- The U.S. Securities and Exchange Commission ignored a raft of “inconvenient details” to build its case that ex-Citigroup Inc. executive Brian Stoker misled investors about a doomed collateralized debt obligation, Stoker's lawyer argued Monday as jurors prepared to deliberate.

The evidence shows that Stoker, who helped create a synthetic CDO in 2007 while he was a deal manager for Citigroup, worked to ensure that investors were kept fully informed, lawyer John Keker of Keker & Van Nest LLP told jurors in closing statements.

The SEC claims...
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