SEC asks jurors to find New York brokers liable for insider trading | Reuters

The U.S. Securities and Exchange Commission urged jurors on Friday to hold two former New York stockbrokers liable for insider trading, in a test of its ability to pursue such cases after an appellate court’s ruling reshaped the law.

At the close of a trial in Manhattan federal court, an SEC lawyer urged jurors to hold ex-Euro Pacific Capital Inc brokers Daryl Payton and Benjamin Durant liable for trading on a tip in 2009 that IBM would acquire SPSS Inc for $1.2 billion.

via SEC asks jurors to find New York brokers liable for insider trading | Reuters