SEC Wins Access To Market Timer's Bank Info

Law360, New York (June 2, 2011, 5:01 PM EDT) -- A federal judge in New York on Tuesday ordered attorneys representing a former CIBC World Markets Corp. trader to turn over their client’s financial information to regulators who are seeking to enforce a $1 million market timing settlement.

The court granted the U.S. Securities and Exchange Commission’s bid to force Michael Sassano’s attorneys from Harris Cutler & Houghteling LLP to comply with a subpoena and provide information about their client’s bank accounts. Sassano has only satisfied $100,000 of a $1 million settlement dating back to July...
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Case Information

Case Title

Securities and Exchange Commission v. Sassano


Case Number

1:09-cv-05010

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Leonard B. Sand

Date Filed

May 28, 2009

Government Agencies

UK Financial Services

UK Financial Services

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