A federal appeals court fired skeptical questions on Monday at a lawyer for a U.S. congressional committee and a former staffer who argued that Congress is immune from having to cooperate with an insider-trading investigation.
During a hearing, a three-judge panel of the 2nd U.S. Circuit Court of Appeals appeared to lean in favor of forcing Congress to comply at least somewhat with two subpoenas from the U.S. Securities and Exchange Commission.
via U.S. court skeptical of lawmaker immunity in trading probe – Reuters
