On Friday, April 5, 2024, a San Francisco jury found the defendant liable in SEC v. Panuwat, the closely watched litigated enforcement action brought by the U.S. Securities and Exchange Commission (SEC) relating to so-called “shadow trading.” The jury reached its verdict following an eight-day trial and with less than three hours of deliberation. We reported previously on the filing of the lawsuit (here), the ruling on the motion to dismiss (here) and the ruling on the motion for summary judgmen...