Obus is the target of an insider-trading investigation. He insisted from the start that he had done nothing wrong. But, almost a decade later, he is still fighting to clear his name. His case has become one of the longest-running civil actions by the Securities and Exchange Commission in recent memory – a sort of “Les Miserables” of Wall Street.
“This has turned into a nightmare,” Obus, 64, says. He has run up $6 million in legal bills.
‘Enforcement 40’ for 2020
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