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Join the Securities Litigation and Enforcement Group on LinkedInJudicial Inconsistency Frustrates Purpose of Insider Trading Law, Rakoff Says | New York Law Journal
U.S. District Judge Jed S. Rakoff of the Southern District of New York, in an interview with former Manhattan U.S. Attorney Preet Bharara, on Friday criticized the “judge-made” nature of federal insider trading law and called on Congress to address various “difficulties” that had been created by inconsistent court rulings. Rakoff, a 24-year veteran of the U.S. […]