SAC Capital trader jailed for insider trading

Lawyer warns hedge funds need better compliance procedures


A US securities lawyer has warned that hedge funds need to have proper procedures in place to stop insider trading, in order to shake off culpability in any legal actions launched by the Securities and Exchange Commission (SEC).

Seth Taube, securities lawyer at New York-based Baker Botts, says the recent jailing of an former SAC Capital trader illustrates that the SEC is "serious" about prosecuting Wall Street for insider trading – often thought to be too difficult to prosecute – adding that

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: