Greek Trader Tries to Duck Insider-Trading Arrest, Shield Assets

The Greek trader and restaurant owner charged in New York with making millions of dollars as part of an insider-trading ring is trying to protect his assets in the U.S. without risking arrest.

Georgios Nikas, 54, was charged in October with trading shares of at least a dozen companies on illegal tips he got from other members of the ring. He owns a $6 million New York apartment and a chain of Greek restaurants, GRK Fresh Greek, according to prosecutors.

Nikas’s lawyer on Tuesday asked a judge to dismiss claims against him by the U.S. Securities and Exchange Commission, which ...