News Releases6.11.25
Barnes & Thornburg Secures No-Action Letter in SEC Insider Trading Inquiry
Spearheaded by partner Paul Kisslinger, the B&T team achieved a favorable resolution for our client in a highly scrutinized insider trading matter
B&T’s Financial and Regulatory Litigation group secured a no-action letter from the SEC’s Enforcement Division, confirming the Division would not recommend any enforcement action against our registered investment adviser client under investigation for insider trading. This favorable outcome successfully spared our client significant legal and reputational consequences.
Paul Kisslinger of the firm's Washington, D.C. office led the matter, making a clear and persuasive case that the facts and legal context did not support enforcement. The SEC’s decision underscores B&T’s ability to achieve favorable outcomes in complex regulatory matters — even amid heightened scrutiny of traditional securities fraud cases.
Keep Up to Date in a Changing World
Do you want to receive more valuable insights directly in your inbox? Visit our subscription center and let us know what you’re interested in learning more about.
