An administrative judge signaled on Wednesday that he may dismiss U.S. Securities and Exchange Commission charges against two former Wells Fargo & Co employees following a appellate court ruling limiting the reach of insider trading laws.
… Citing the ruling by the 2nd U.S. Circuit Court of Appeals in New York, Patil ordered the SEC to provide evidence by Friday showing Bolan received something in exchange for tipping Ruggieri.
via Judge Signals May Toss Ex-Wells Fargo Employees’ Insider Trading Case | Reuters
