Accused Inside Trader’s Bid For Summary Judgment In SEC Enforcement Action Denied

(December 6, 2023, 3:12 PM EST) -- A federal judge in California denied a motion for summary judgment filed by a man accused by the Securities and Exchange Commission of using confidential information about the acquisition of his employer to buy stock options in a different company, finding that the SEC established genuine disputes of fact as to whether the man received nonpublic information and whether he acted with scienter....