The Traderszone Network

Published in TZ Latest News 11 September, 2015 by The TZ Newswire Staff

SEC can pursue insider trading case against brokers: judge

Two New York stockbrokers must face civil insider trading charges brought by U.S. securities regulators, a U.S. judge ruled on Friday, despite a landmark appellate ruling that torpedoed the criminal case against them. U.S. District Judge Jed Rakoff in Manhattan rejected a bid from former Euro Pacific Capital Inc traders Daryl Payton and Benjamin Durant to throw out U.S. Securities and Exchange Commission charges that they engaged in illegal trading ahead of an IBM Corp (IBM.N) deal.