Judges Hammer Down on Insider Trading

The judiciary is taking an increasingly jaundiced view of white collar crimes such as insider trading according to a report by Bloomberg. A federal crackdown on insider trading since 2009, has resulted in 71 people being charged with 65 convicted. 6 cases are still pending. The thrust by prosecutors met with a fitting response from the judges. According to the report, the average prison term awarded for these offences has increased by almost 20 percent since January 2011. More importantly, judges now are more amenable to send perpetrators to prison – since January 2011, 58 percent of offenders were jailed,…