, Columnist
The SEC's Quiet Insider-Trading Loss
Sometimes it makes sense to challenge the Securities and Exchange Commission.
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The Southern District of New York's 79-0 undefeated streak over the past five years in insider-trading prosecutions has drawn plenty of notice. Here's a reminder that beating the government isn't always impossible.
Last week, the big news on the insider-trading beat was the conviction of former SAC Capital Advisors LP fund manager Mathew Martoma. The government spared no effort to make sure everyone heard the news.