Raj Rajaratnam’s wrongs have hidden the flaws of insider trading laws. The crimes that the Galleon Group founder committed were clear. But many U.S. situations, like the trading indiscretions of Berkshire Hathaway’s David Sokol and transactions by members of Congress, turn on rubbery legal concepts with gray areas. With a related trial opening this week and more in the pipeline, the time is right for lawmakers to provide greater clarity.
Read more: Rajaratnam wrongs hide insider trading law flaws — Reuters Breakingviews
