House Panel Can't Nix SEC Subpoena In Insider Trading Probe

Law360, New York (November 16, 2015, 5:47 PM EST) -- A New York federal judge ordered the U.S. House of Representatives Ways and Means Committee and a former staffer on Friday to respond to an SEC subpoena request within 10 days in a health care insider-trading probe, but did call the request “overbroad.”

U.S. District Judge Paul Gardephe granted in part and denied in part the agency’s request to force former Ways and Means aide Brian Sutter to respond to the SEC’s subpoena, which sought to determine whether he or anyone else tipped off Greenberg Traurig LLP lobbyist Mark Hayes about an important health care policy change.

Hayes ​allegedly ​sent the...

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