Harsher Penalties For Insider Trading
July 18, 2013
Two recent appeals court decisions are consistent with a clear trend: Sentences in major insider trading cases have become more severe. In part that’s due to sentencing guidelines, which roughly correlate the recommended length of the sentence to the defendant’s profit on the deal, although an appeals decision has made clear that the defendant need not have personally benefited form the illegal trading to risk a severe sentence. Countering the trend is the fact that judges have more discretion now than they did before a 2005 Supreme Court Decision. For defendants, which judge they face could be crucial.
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