SEC dismisses the Gupta case

Cite this Article
Larry Ribstein, SEC dismisses the Gupta case, Truth on the Market (August 05, 2011),

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.