• Home
  • About
  • ‘Enforcement 40’ for 2020
  • Webcasts
  • Enforcement Hall of Fame
  • Contact
Securities Docket
  • Class Actions
  • Criminal
  • Events
  • Features
  • Global
  • People
  • SEC
Browse: Home / 2013 / July / 26 / SAC and the Strange Focus on Insider Trading — Harvard Business Review

SAC and the Strange Focus on Insider Trading — Harvard Business Review

By Securities Docket on July 26, 2013, 11:29 am

It may seem strange that Wall Street’s top cop has chosen to attack Galleon and SAC instead of the institutions at the heart of the mortgage meltdown that brought on the financial crisis. It may seem even stranger when you consider that a lot of legal scholars don’t think insider trading is fraud, and a few even think it should be encouraged.

It is strange. That said, it’s pretty clear why it happens: Bharara and his predecessors (Rudy Giuliani held the same job in the late 1980s) have taken on insider trading cases because they can win them. Thanks to a half century of SEC opinions and court rulings, insider trading is much easier to prosecute than other dodgy financial behavior. The question, really, is whether this amounts to a perverse miscarriage of justice, or just a somewhat convoluted way of enforcing norms for good behavior on Wall Street.

via SAC and the Strange Focus on Insider Trading — Harvard Business Review

Posted in SEC | Tagged Insider Trading, Web Watch

« Previous Next »

Subscribe

‘Enforcement 40’ for 2020

Our Sponsors

Securities-Docket_260x125_14Sec

Join Us On LinkedIn

Join the Securities Litigation and Enforcement Group on LinkedIn

Archives

Copyright © 2023 Securities Docket.

  • Home
  • About
  • ‘Enforcement 40’ for 2020
  • Webcasts
  • Enforcement Hall of Fame
  • Contact
  • Criminal
  • Class Actions
  • Features
  • Global
  • People
  • SEC
  • Events