She also said she would appoint "a chief trade prosecutor, triple the number of enforcement officers, and when countries break the rules we won't hesitate to impose targeted tariffs" – a less protectionist stance than Trump, yet sharing some of his philosophy about penalties directed at foreign corporations.
Is it good for our national security?" As president she'd appoint a new chief trade prosecutor and triple the number of enforcement officers.
Mr. Martoma closely collaborated with Mr. Cohen on the questionable trades, prosecutors contend.
Among the company's promises were annual returns of 25 to 30percentt from currency trading, prosecutors have said.
Mr. Martoma's case has received heightened interested because he collaborated with is Steven A. Cohen, the founder of the hedge fund, on the questionable trades, prosecutors said.
Still, SAC paid Mr. Martoma a $9.4 million bonus in 2008 that was largely attributable to his contributions on the Elan and Wyeth trades, prosecutors said.
While such details would seem to contradict how authorities have described the trading, prosecutors could argue that SAC had little choice but to leave the swaps in place, and that was part of the strategy to trade on inside information.
A former Salomon Smith Barney investment banking associate was sentenced to two years in prison for stealing merger information from his employer and giving tips to others who earned $2 million on the trades, prosecutors said yesterday.
There had been talk about how the statute of limitations might constrain the trades prosecutors could use, but the wire and securities fraud provisions allow evidence of conduct outside the limitations period so long as there was at least one act within that period.
Except that, if so, he was a pretty terrible firewall: After he met with Tamayo but before he placed his trades, prosecutors say Eydelman would email Tamayo seemingly legitimate justification for the trade about which they had just met.
