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The Gupta Insider Trading Case – Significant Questions

The Gupta insider trading case is a significant, high profile action by an SEC Enforcement program which is working hard to restore its lost luster. Mr. Gupta is a former Goldman Sachs director, a firm which is an icon of Wall Street. He is a current director of Proctor and Gamble, a company with...

Inside The Mind of An Inside Trader

No Big 4 audit firms or their partners have been named in the insider trading scandal surrounding the now-defunct hedge fund Galleon Management. But the SEC has accused one of the most prominent businessmen ever implicated in such crimes, Rajat Gupta, a former McKinsey & Company Global Managing...

The Verdict in the Rajaratnam Insider Trading Case

Raj Rajaratnam was found guilty on all fourteen counts of conspiracy and insider trading. U.S. v. Rajaratnam , Case No. 1:09-cr-0118 (S.D.N.Y.). The fact that the founder of the Galleon hedge fund was found guilty despite a valiant effort by the defense team should not be a huge surprise to anyone...

Raj is Guilty. Nobody Is Surprised.

If you read about the evidence, you can't really be surprised that Raj Rajaratnam was found guilty of insider trading. That he was found guilty on all counts was mildly interesting, but not much. We may get some interesting new legal developments in insider trading law from the appellate decisions...

This Week in Securities Litigation (October 14, 2011)

This week three Galleon related defendants were sentenced to prison for insider trading, including Raji Rajaratnam. The Commission filed another significant market crisis case naming the senior officers of a failed bank as defendants. The Commission also filed a settled insider trading case, an action...

I Wonder if We Will Laugh at his Phone When He Gets Out?

You could watch the movie Wall Street and many things may still ring true. Of course its the 1980s, so the clothes and the women's hair stick out. But the icon is the big brick cell phone. It was huge and expensive for its time. And all it did was makes phone calls. It was enough of an iconic...

Former Goldman Sachs Director Raj Rajaratnam Ordered to Pay $13.9M Penalty To Settle SEC Insider Trading Suit

NEW YORK — (Mealey’s) A federal judge in New York on July 17 ordered a former Goldman Sachs Group Inc. director to pay a $13.9 million penalty to settle claims with the Securities and Exchange Commission that he provided inside information to a former hedge fund manager as part of an insider...