Ex-Capital One Analyst Slams SEC Insider Trading Damages

Law360, Philadelphia (January 26, 2016, 6:55 PM EST) -- A Chinese national recently found liable for insider trading told a Pennsylvania federal judge on Monday that the U.S. Securities and Exchange Commission had no evidence to prove the amount he should be forced to disgorge in the case.

Former Capital One Financial Corp. analyst Nan Huang, who earlier this month lost a jury trial brought by the SEC, attacked the agency’s $4.4 million disgorgement demand, saying that it is obligated to distinguish between ill-gotten gains and those where there is no evidence of illegal activity....
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