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SEC's 'Shadow Trading' Test Case Fails Miserably, Court Told

By Jessica Corso (September 28, 2023, 8:03 PM EDT) -- The former pharmaceutical executive at the center of the U.S. Securities and Exchange Commission's first "shadow trading" case said Thursday that he was the wrong guy to test the novel insider trading theory because the agency has not found any evidence that he acted with ill intent when he traded in a competitor's stock....

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