Atty Accuses SEC Of Defaming Client In Insider Trading Case

By Khorri Atkinson (November 19, 2021, 8:03 PM EST) -- An insider trading defendant's attorney rebuked the U.S. Securities and Exchange Commission in court Friday over a press release touting a recent settlement in the case, saying the SEC's announcement could potentially influence jurors hearing allegations against his client, who wasn't part of the settlement.

Sher Cummings & Ellis partner Mark Cummings, an attorney for Christopher Clark, a mortgage broker facing charges of insider trading of stock in IT consultant CEB Inc., called into question the potential prejudicial effect of the SEC's Oct. 18 public statement announcing a final consent judgment against William Wright, CEB's former corporate controller.

The SEC charged both men with...

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