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Browse: Home / 2012 / December / 20 / Insider Traders Outside U.S. Safe From American Prisons

Insider Traders Outside U.S. Safe From American Prisons

By Securities Docket on December 20, 2012, 8:00 am

As a result, foreign insider traders, while at some risk of losing their money, face very little chance of going to prison.

“You will lose not only your profits but also your principal,” Peter Henning, a law professor at Wayne State University and former SEC lawyer, said in an interview. “But I haven’t seen any cases where people will be extradited.” Henning added, however, that “If you are identified” as trading on illegal tips, “you had better not come to the U.S.”

via Insider Traders Outside U.S. Safe From American Prisons – Bloomberg

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Posted in Criminal, SEC, Top | Tagged Insider Trading, Prison

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