The Crackdown on Insider Trading
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.
former federal prosecutor, currently a partner and co-chair of the white collar crime practice group for the law firm Barnes & Thornburg.
partner in the law firm Jones Day and former chief counsel of the SEC's Enforcement Division
associate director of the SEC's division of enforcement.
reporter, New York Times Deal Book