Federal securities officials’ five-year pursuit against former oilman Roger Parker on civil charges that he tipped his buddies about billionaire Kirk Kerkorian’s massive investment in his company ended in a hung jury after a week of deliberations.
The eight-woman, five-man panel told U.S. District Judge John Kane that it was hopelessly deadlocked and unlikely to produce a verdict for either Parker or the U.S. Securities & Exchange Commission trying to brand him as an inside trader.
‘Enforcement 40’ for 2020
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