It's one of those laws that requires some proof of intent. It's hard to imagine they'd be able to prosecute if he hadn't been stupid enough to lay out his (ill

It's one of those laws that requires some proof of intent. It's hard to imagine they'd be able to prosecute if he hadn't been stupid enough to lay out his (illegal) intentions in email. By the same token there are probably a bunch of other traders doing the same thing who are smart enough to keep mum.