The federal district court in Eastern Pennsylvania has ruled that plaintiffs in the case SEC v. Bonan Huang et al cannot be compelled to give up the passcode to their cell phones. At issue was whether the defendants could be forced to give up passcodes to devices that were provided by their employer, but secured by passcodes chosen by the employees themselves.
The question of whether or not defendants can be required to unlock a personal device has generally been answered “No,” but the SEC argued that these were products owned by a corporation and merely provided to employees. The men in question, Bonan and Nan Huang, are accused of insider trading, turning a $150K initial investment into more than $2.8 million through illegal profiteering.