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Expert Analysis

Insider Trading Trial Losses Could Hurt SEC Credibility

Law360, New York ( June 12, 2014, 10:30 AM EDT) -- On Friday, May 30, a Manhattan jury returned a verdict against the U.S. Securities and Exchange Commission in the long-running and high-profile insider trading case, SEC v. Obus. One week later, on Friday, June 6, 2014, a jury on the other side of the country sitting in Los Angeles returned a verdict against the SEC in an insider trading case, SEC v. Moshayedi, Civil Action No. CV 12-1179 (C.D. Cal). If the swagger was shaken by Obus, it must be evaporating after Moshayedi....

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