The smartphone passwords of two former Capital One data analysts accused of insider trading will remain a secret to the U.S. Securities and Exchange Commission, a federal judge has ruled in a case one securities lawyer said covered rarely-trodden ground.

The SEC sought the smartphone passwords of defendants Bonan Huang and Nan Huang because it believed the devices, owned by Capital One, contained unidentified banking documents that could be used as evidence. Capital One instructed its employees to keep their phone passwords secret and not keep records of their passwords for security reasons.

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