Wyly Update 2: A Legal Analysis

What Are the Wylys Up Against? Peter J. Henning. though a former SEC enforcement lawyer, writes reasonably objective analyses of business law for the NYT. Here is his analysis of the Wyly case. Notice how completely false are many media reports on this story. For example, the headline at NPR is "SEC Cites Brothers In $550 Million Insider Scheme." Well, it's actually a charge of $31.7 million, but who's counting?