December 21, 2023
The mortgage broker who won a rare courtroom victory against the U.S. Securities and Exchange Commission agreed Thursday to pay $240,000 to avoid going to trial a second time on allegations that he profited off insider information about a multibillion-dollar merger.
November 03, 2023
A mortgage broker who won a rare midtrial victory in a U.S. Securities and Exchange Commission insider trading case, only to see it reversed by the Fourth Circuit, has settled with the agency just as the case was preparing to go before a second jury later this month.
February 23, 2023
The Fourth Circuit on Thursday gave the U.S. Securities and Exchange Commission a second chance to bring an insider trading case to trial after a lower court judge took the rare step of tossing the case before a jury could hear the defense's arguments.
December 16, 2021
The U.S. Securities and Exchange Commission's shocking defeat in a recent insider trading trial marks a rare snub of the agency's time-tested reliance in court on statistical evidence of suspicious trading.
December 14, 2021
The U.S. Securities and Exchange Commission has suffered a rare midtrial loss after a Virginia federal judge dismissed the agency's insider trading case against a mortgage broker without hearing any evidence from the defendant.
November 19, 2021
An insider trading defendant's attorney rebuked the U.S. Securities and Exchange Commission in court Friday over a press release touting a recent settlement in the case, saying the SEC's announcement could potentially influence jurors hearing allegations against his client, who wasn't part of the settlement.
December 14, 2020
The U.S. Securities and Exchange Commission says the former corporate controller of technology consultant CEB Inc. leaked information to his brother-in-law ahead of the firm's April 2017 merger with Gartner, allowing the close family member and his son to rake in nearly $300,000 in illegal profits.