The Crackdown on Insider Trading

The Crackdown on Insider Trading

The founder of one of the world's largest hedge funds was convicted on 14 counts of insider trading. The message for Wall Street - and Main Street - investors.

Over the last 18 months, the Manhattan U.S. Attorney’s office has charged 47 individuals with insider trading crimes. Last week, Galleon founder Raj Rajaratnam was found guilty of fourteen counts of conspiracy and securities fraud, in the largest hedge fund insider trading scheme in history. It was the first insider trading prosecution to use wiretaps, a method usually reserved for mobsters, drug dealers and terrorists. We discuss the crackdown on white collar crime and what it could mean for Wall Street as well as individual investors.

Guests

Solomon Wisenberg

former federal prosecutor, currently a partner and co-chair of the white collar crime practice group for the law firm Barnes & Thornburg.

Joan McKown

partner in the law firm Jones Day and former chief counsel of the SEC's Enforcement Division

Scott Friestad

associate director of the SEC's division of enforcement.

Peter Lattman

reporter, New York Times Deal Book

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