Bharara Warns Wall Street Not To Push Ethical, Legal Limits

Law360, New York (July 18, 2012, 6:17 PM EDT) -- Manhattan U.S. Attorney Preet Bharara on Wednesday warned hedge funds and their attorneys against pursuing profits at the risk of inviting criminal investigations and prosecutions, saying the goal of their compliance programs should not be to get as close to the proverbial line as possible.

During the annual Delivering Alpha conference in New York, Bharara said executives and corporate counsel need to focus on infusing their firms with a culture of ethical conduct, rather than seeing how much they can get away with before drawing the...
To view the full article, register now.