SEC dismisses the Gupta case

Cite this Article
Larry Ribstein, SEC dismisses the Gupta case, Truth on the Market (August 05, 2011), https://truthonthemarket.com/2011/08/05/sec-dismisses-the-gupta-case/

Amid yesterday’s market turmoil it’s easy to forget about Rajat Gupta.  He’s the guy whose suit against the SEC led a federal judge to put the agency under judicial supervision.

Now the SEC has dismissed its misbegotten administrative proceeding. They can file a civil insider trading case before the same judge who has cast his skeptical gaze on the agency.