Trader and S.E.C. Lawyer Spar Over E-Mail

The Securities and Exchange Commission waited more than three years to have a chance to shred the credibility of Fabrice Tourre, a former Goldman Sachs trader, in front of a jury. It finally got its chance on Wednesday.

Over the course of two hours, the government’s lawyer, Matthew T. Martens, and Mr. Tourre, who has been accused of participating in a scheme to defraud investors, verbally sparred over what Mr. Tourre knew about a 2007 trade he helped structure.

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Trader and S.E.C. Lawyer Spar Over E-Mail

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