As previously discussed here, I was just about speechless when I read about the former Nixon Peabody associate charged with insider trading by the SEC. As I said then, “the chance of this lawyer getting away with the insider trading alleged by the SEC was Z-E-R-O, and that is only because we cannot go below zero, otherwise it would have been lower.”
Well, guess what? It gets much worse. Full details are available in this post on my Enforcement Action blog over at Compliance Week.