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Browse: Home / 2011 / October / 14 / Prison Time for Inside Trading Is Climbing

Prison Time for Inside Trading Is Climbing

By Securities Docket on October 14, 2011, 4:10 pm

A higher percentage of those found guilty of such crimes are receiving significant time behind bars than in the past, according to a Wall Street Journal analysis. In the past two years, defendants sent to prison on insider-trading charges in New York federal courts have received a median sentence of about 2½ years, according to the Journal analysis of white-collar sentencing data from court records and archives involving 108 cases. Just Wednesday, hedge-fund trader Michael Kimelman was sentenced to 2½ years in prison for inside trading.Those sentences compare with a median sentence of 18 months in the past decade and 11½ months from 1993 to 1999, according to the Journal analysis.

Read more: Prison Time for Inside Trading Is Climbing — WSJ.com

Posted in Criminal | Tagged Sentencing

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