SEC Insider Trading Trial Loss Over Gartner Deal Overturned (1)

The SEC convinced an appeals court that jurors should’ve had a chance to decide whether a Virginia mortgage broker traded on inside information regarding a Gartner acquisition, unwinding a rare agency loss in an insider trading case.

Based on evidence the Securities and Exchange Commission presented during a 2021 trial, jurors could have reasonably concluded that Christopher Clark traded on inside tips from his brother-in-law, the US Court of Appeals for the Fourth Circuit said Thursday.

A lower court judge dismissed charges against Clark before the case was sent to the jury. The judge said regulators were simply speculating Clark, ...