Federal Judge: Fraud Conviction Justifies Summary Judgment In Related SEC Action

(July 26, 2024, 2:31 PM EDT) -- SAN FRANCISCO — A California federal judge on July 25 granted the Securities and Exchange Commission’s motion for summary judgment against the final defendant remaining in an enforcement action related to an insider trading scheme orchestrated by a friend of the man, with the judge citing a criminal conviction against the man on charges arising from the same conduct as the primary reason....