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How often is jail time included in these types of cases? If they merely lost their profits, this isn't much of a punishment.
by ozten 6y ago
How often is jail time included in these types of cases? If they merely lost their profits, this isn't much of a punishment.
- flak48 6y agoThe article mentions that they were asked to pay just under twice their profit (2 * $1.4 million)
- ozten 6y agoI would not do this, because it is unethical. However, if there is a 5% chance you will get caught and lose 230% your profit margin, seems like a rational agent would do insider trading at every opportunity.
- srtjstjsj 6y agoAnd they probably do, until they get caught.
- kmc059000 6y agoI imagine if you get caught once, the SEC is going to audit everything you've done and find most occurrences of insider training. Theres a 5% chance for each of those occurrences and you're going to owe a lot if any are found.
- kube-system 6y agoThere's also the $118,406 in interest, and $1,106,399 in penalties.
- SomewhatLikely 6y agoFrom the article: > In a parallel action, the U.S. Attorney's Office for the Western District of Washington today filed criminal charges against Viky Bohra.