A Look Back At Insider Trading In 2013

Law360, New York (January 13, 2014, 1:19 PM EST) -- The year 2013 would have been a significant year for insider trading prosecutions even if it did not culminate in the conviction of SAC Capital Advisors LP’s Michael Steinberg and the guilty plea of SAC Capital. Summoning Gordon Gekko in announcing the plea, Preet Bharara, the United States attorney for the Southern District in New York, announced, “Greed, sometimes, is not good.”

Countering the victories in the Southern District of New York, however, the end of 2013 saw the U.S. Securities and Exchange Commission lose its...
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