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She said 23 individuals had been prosecuted for insider dealing.
Yeah, well, Raj Rajaratnam has said he didn't do anything unlawful either — and he's being prosecuted for insider trading.
And there remains the awkward possibility that he will be prosecuted for insider dealing by the Securities and Exchange Commission, over his purchase in 1997 of options on shares in Quick & Reilly, a brokerage, shortly before it was acquired by Fleet Financial at a big premium.
It is a knowing study of the folkways of the tristate area — the orphans' funds, the Spitzer jokes, the way you might not get prosecuted for insider trading until you buy an eighty-three-million-dollar beach house, embarrassing the law into vigilance.
Lest one think this warning is purely theoretical, examples of lawyers being prosecuted for insider trading are many.
Similar(55)
In March Louise Slaughter, a Congresswoman from New York, reintroduced a bill for the fourth time to make it easier to prosecute politicians for insider trading.
The Supreme Court on Tuesday upheld the broad reach of insider trading laws, ruling that family and friends of corporate insiders can be prosecuted for profiting on secret stock tips even if they don't pay money or other compensation for the information.
The performers were then prosecuted for hooliganism.
People can be prosecuted for not working.
"They should be prosecuted for doing that.
He should be prosecuted for treason.
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CEO of Professional Science Editing for Scientists @ prosciediting.com