… But now that the heavy artillery of U.S. Attorney’s office has been brought to bear, the potential outcomes of these cases have changed to an extraordinary degree. Gupta could do hard time for blabbing to a buddy. Will that prospect, and Bharara’s breakthrough access to wire tapping, make insider trading go away? Of course not. But if a guy like Gupta loses, you can expect the Street to lean very heavily on its pals in Washington to redefine the law. Because if this is a crime, then there are likely more criminals than not on Wall Street. But you were thinking that anyway.
‘Enforcement 40’ for 2020
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