The House has asked a federal judge to dismiss a lawsuit filed against it by the Securities and Exchange Commission concerning insider trading in insurance companies that occurred in 2013, according to a Wall Street Journal report.
The trading is alleged to have occurred after Brian Sutter, staff director of the
In June, the SEC sued the
Attorneys representing the House said they are ignoring the SEC requests for information and testimony, as they are lawfully allowed to do so. In support of their argument, the House attorneys cited the Constitution's speech or debate clause, which protects against any outside inquiry into "legislative acts" in Congress.
A federal judge will now rule on whether the case will proceed.
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