Compliance Solutions for Investment Advisers

Insider Trading Can get Expensive

The SEC obtained a $13.9 million penalty against former Goldman Sachs board member Rajat K. Gupta for illegally tipping corporate secrets to former hedge fund manager Raj Rajaratnam.  Gupta also is permanently barred from serving as an officer or director of a public company.The SEC previously obtained a record $92.8 million penalty against Rajaratnam for prior insider trading charges.

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