InvestorsHub Logo
Followers 155
Posts 5936
Boards Moderated 0
Alias Born 06/16/2004

Re: 236T568 post# 93405

Thursday, 10/24/2013 10:05:22 AM

Thursday, October 24, 2013 10:05:22 AM

Post# of 97615
You are correct. It is the DOJ. They do carry prison sentences, but given your obvious level of knowledge, you are already aware of this.

As the U.S. Attorney for the Southern District of New York stated recently:
"In recent times, for example, we have pursued significant investigations and prosecutions of insider trading. Insider trading saps market confidence, cheats average investors, and victimizes the companies whose secret information is so often stolen in the scheme. As Southern District of New York Judge Richard J. Sullivan said recently upon imposing a sentence on an insider trading defendant: “I think this is a crime that does damage to the national economy and does damage that is pretty considerable, and that is the reason why the penalties are pretty high for this crime.”"

Always better to play by the rules than risk loss of livelihood, fines, and prison for a few dollars. Not worth it imo. Injures too many innocent people for reasons of personal greed. Poor risk/reward decision imo, but greed does blind people.

GTGP

"Despise the enemy strategically, but take him seriously tactically."
Mao Tse-Tung