Canadian Investor Garnered $3M In Dirty Trades: SEC

Law360, New York (January 30, 2006, 12:00 AM EST) -- A Canadian investor accused of trading on insider information about a proposed merger between two mining giants isn’t shielded from prosecution by U.S. regulators just because he isn’t a U.S. citizen, the U.S. Securities and Exchange Commission argued in court papers filed last week.

In papers filed in a New York district court last week, the SEC opposed Toronto resident John Fraleigh’s motion to have his case dismissed for lack of personal jurisdiction. The SEC said it has the legal right to move forward in its...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.