As discussed in this post from late last year, Holly Becker, a onetime analyst at Lehman Brothers, and her husband Michael Zimmerman, a trader at SAC Capital Advisors had been in "regulatory limbo" since mid-2002, when the SEC issued a "Wells call" notifying the two that it intended to bring an enforcement action against them. According to this article, the SEC was investigating a possible insider trading case revolving around whether Becker tipped Zimmerman to research reports she was preparing on several Internet stocks. The article states that the planned enforcement action was suddenly pulled from the SEC's calendar in 2003 after the impending charges were leaked to the news media. Since 2002, however, Zimmerman has reportedly remained at his trading post at SAC Capital with a cloud over his head, while Becker has been stuck on a leave of absence from her analyst post at Lehman.

Apparently, however, this limbo has finally come to an end, as this article reports that the SEC notified the couple on Thursday of last week that the case had been closed with no charges filed.