The SEC cannot win every case

Last week, a federal court jury cleared Nelson J. Obus, manager of a hedge fund, and two other men, of insider trading allegations

Just because the Securities and Exchange Commission (SEC) brings an insider trading case, that does not mean it will win.

Last week, a federal court jury in New York City cleared Nelson J. Obus, manager of a hedge fund, and two other men, of insider trading allegations.

Obus clearly wanted to prove his innocence no matter the cost involved.

“We need to assure the business community that regulators can’t wrongly force small enterprises to settle, or falsely admit guilt,” Obus said in a statement quoted by The Times.

Contributing Author

author image

Ed Silverstein

Ed Silverstein is a veteran writer and editor for magazines, websites and newspapers. A graduate of Harvard's Kennedy School of Government, he has won several...

Bio and more articles

Join the Conversation

Advertisement. Closing in 15 seconds.