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you can go to prison for 10 years Really? I doubt it. Most insiders never get caught, and those that do get relatively small fines and sentences. Many sente
by throwaway2037 3y ago
you can go to prison for 10 years
Really? I doubt it. Most insiders never get caught, and those that do get relatively small fines and sentences. Many sentences are suspended or deferred. Remember: To clawback (fine) insider trading, you need to clearly prove specific profits were gained via insider trading. It is insanely hard. Even when caught, it is a tiny fraction of their wealth.
Raj Rajaratnam is one of the most notorious in the current generation. He only did 7.5 years. And Stephen Cohen had so many layers in his onion legal strategy that SEC could never nail him down.
- hodgesrm 3y agoFor many normal people, having a case broaght against you is soul destroying. Yes you might get off but you have legal expenses, stress of not knowing what's going to happen, you may be unable to work at your job in the meantime. Just because you don't go to jail does not mean you are getting off free.