On Wednesday, the SEC suffered its first trial setback in its FY 2016 federal court trials. Following a trial in the U.S. District Court for the District of New Mexico, a jury reportedly found against the SEC and in favor of two former executives of Thornburg Mortgage (now known as TMST Inc.) on five counts and was unable to reach a verdict on five others.
via 2016 SEC trial scorecard update: New Mexico verdict hands agency first loss | Compliance Week
