May 30, 2014
The U.S. Securities and Exchange Commission on Friday suffered its latest trial loss as a New York federal jury found hedge fund manager Nelson Obus and two others not liable for an alleged $1.3 million insider trading scheme.
May 29, 2014
The U.S. Securities and Exchange Commission on Thursday made its final push to hold hedge fund manager Nelson Obus and two others liable for an alleged $1.3 million insider trading scheme, urging a jury to rule in its favor more than eight years after filing suit.
May 27, 2014
Hedge fund manager Nelson Obus, testifying on Tuesday in a U.S. Securities and Exchange Commission trial, emphatically denied claims that he earned $1.3 million trading on an illegal tip about a 2001 private equity transaction.
May 19, 2014
One week after its trial victory over Texas investor Sam Wyly, the U.S. Securities and Exchange Commission on Monday kicked off another courtroom showdown in New York, urging a jury to hold hedge fund manager Nelson Obus liable for an alleged $1.3 million insider trading scam.
April 02, 2013
Nelson Obus, a hedge fund manager who beat a U.S. Securities and Exchange Commission $1.3 million insider trading case only to have it revived by the Second Circuit, will face a new trial in February, a federal judge said Tuesday.