After all the publicity about insider trading the last few years, with headline cases and substantial prison terms meted out to defendants, you might think that people would not try it — or at least do a better job hiding it.
Yet, two cases filed last week appear to show that some defendants are not doing much to keep questionable trading under wraps. That raises the question of whether the allure of easy profits is so strong that it overpowers any inclination to follow the rules, and whether the hefty punishments handed out in the past few years have had little appreciable deterrent effect.
via Why People Persist in Risky Trading – The New York Times.
