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Securities and Exchange Commission v. Lek Securities Corporation et al

  1. April 23, 2019

    Broker Asks To Bring Back Expert In SEC's 'Layering' Suit

    Lek Securities Corp. urged a New York federal court Monday to rethink its decision to exclude certain expert testimony in the U.S. Securities and Exchange Commission's suit accusing Lek of helping a foreign trader manipulate the market through a practice known as "layering."

  2. March 26, 2019

    Lek Securities Can't Shake SEC's 'Layering' Suit

    Lek Securities Corp. must face a U.S. Securities and Exchange Commission suit accusing the company of helping a foreign trader manipulate the market, a New York federal judge ruled Tuesday, finding the case presented factual disputes that have yet to be resolved.

  3. March 22, 2019

    SEC Gets Another Rebuttal Expert Nixed In 'Layering' Suit

    The U.S. Securities and Exchange Commission scored another win on Thursday in its suit over a market manipulation practice called "layering" when a New York federal judge said yet another witness the defendants hoped would rebut the agency's experts is unqualified.

  4. March 15, 2019

    Broker Can't Nix SEC's Experts, Use Its Own In 'Layering' Suit

    A New York federal judge said Thursday that a brokerage had failed to undermine the analyses of two experts the U.S. Securities and Exchange Commission intends to use in its suit over the alleged use of a market manipulation practice called "layering" and could not have them excluded from trial.

  5. November 14, 2018

    Brokers Can't Have SEC Docs On Allegedly Abusive Witness

    A New York federal judge won't allow a brokerage and foreign trading firm to force the U.S. Securities and Exchange Commission to produce documents relating to a witness' testimony about his alleged harassment of a former romantic partner, saying the witness was not untruthful and the line of questioning was inappropriate.

  6. February 14, 2018

    Broker's Bid For FINRA Docs On 'Layering' Rejected

    A New York federal judge on Tuesday rejected a broker's request that the Financial Industry Regulatory Authority turn over its internal documents on a manipulative trading technique called layering, saying sharing them could undermine the regulator's law enforcement work.

  7. February 09, 2018

    Broker-Dealer Seeks 'Layering' Docs From FINRA For SEC Suit

    A broker-dealer accused by the U.S. Securities and Exchange Commission of aiding and abetting foreign traders' manipulative trading tactics like "layering" told a New York federal judge on Thursday that it ought to be able to get hold of documents showing what exactly its regulators at the Financial Industry Regulatory Authority thought layering was.

  8. January 16, 2018

    Foreign Trader Fails To Boot SEC Attys Over Privileged Docs

    A New York federal judge Tuesday refused to disqualify the U.S. Securities and Exchange Commission's trial team for looking at privileged documents from a foreign day-trading firm accused of manipulative trading, finding there was a danger the motion to boot the lawyers had been "tactically motivated."

  9. December 12, 2017

    SEC Knocks Trader's DQ Bid Over Alleged Privilege Breach

    The U.S. Securities and Exchange Commission told a New York federal court on Monday that its attorneys didn't purposely look at privileged documents belonging to a foreign day-trading firm accused of manipulative trading and that, even if they did see a couple of those documents by accident, it hasn't affected the case.

  10. November 17, 2017

    Trader Wants SEC Attys DQ'd Over Alleged Privilege Breach

    A trading firm that the U.S. Securities and Exchange Commission sued for allegedly giving foreign fraudsters access to U.S. markets asked a federal court in Manhattan on Thursday to throw the SEC's trial team off the case, saying it seems to have had access to privileged attorney-client emails for two whole years.