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Should The SEC Ask What Would Blackstone Do?
2014-10-28 03:03:33| Railroads - Topix.net
The Securities and Exchange Commission recently trumpeted its enforcement successes for its 2014 fiscal year. For an agency dedicated to full disclosure, there were some notable omissions, including: A New York federal jury verdict finding hedge fund manager Nelson Obus and his co-defendants innocent of insider trading; A Chicago federal jury verdict finding that an Illinois farmer and his three sons innocent of insider trading in Florida East Coast Industries, Inc. securities; Note that all of these losses occurred in an Article III court and 80% of them occurred after a jury trial.
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Category:Transportation and Logistics