Goffer Brother Gets 3 Years For Insider Trading

Law360, New York (October 7, 2011, 1:57 PM EDT) -- A New York federal judge on Friday sentenced Emanuel Goffer to three years in prison for insider trading on upcoming corporate deals through a scheme run by his brother, former Galleon Group LLC trader Zvi Goffer.

Repeating what has become a refrain in the sentencings in the Galleon Group cases, U.S. District Judge Richard J. Sullivan stressed the need to impose a sentence on Goffer, 32, that would send a message to Wall Street that insider trading will not be tolerated.

Emanuel, a Brooklyn-raised trader who...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.