U.S. judge rules for SEC in fight with House panel over insider trading probe
By Nate Raymond NEW YORK (Reuters) – A U.S. House of Representatives panel and a former staffer must comply with subpoenas issued by the U.S. Securities and Exchange Commission as part of an insider trading probe, a federal judge has ruled. U.S. District Paul Gardephe in Manhattan, in a decision made public on Monday, said the House Ways and Means Committee must produce some documents to the SEC, and Brian Sutter, a former staff director for its healthcare subcommittee, must be deposed. The decision came 16 months after the SEC first went to court over the committee’s refusal to provide information as part of a probe of whether Sutter leaked material non-public information about Medicare reimbursement rates to a lobbyist.
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