Congressional Insider Trading: Where Things Stand Now
Posted on June 04, 2012 at 12:25 PM EDT
MINYANVILLE ORIGINAL Former Goldman Sachs (GS) director Rajat Gupta’s insider trading trial is currently entering its third week in a case that has already sent Galleon Group founder Raj Rajaratnam to prison and won more than two dozen other convictions. Back in 2011 when Rajaratnam prepared to stand trial on insider trading charges involving 35 stocks among them Google (GOOG) Advanced Micro Devices (AMD) IBM (IBM) eBay (EBAY) and Goldman Sachs I was particularly shocked to find out that if Rajaratnam had been a US Senator rather than a $7 billion hedge fund manager when he made the trades ...
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