Prosecutors Urge Tougher Sentence In SAC Insider Trading Case

As those responsible for the 2008 derivatives crash remain largely unaccountable for a crash that has deep market ramifications, US prosecutors are urging a federal judge to impose a stiff 6 ½ year prison sentence for insider trading in the Michael Steinberg / SAC Capital case. In a New York federal court filing, prosecutors said Steinberg should be sentenced one additional year than the court’s probation office had called appropriate. “Get me edgy, proprietary, market-moving information” On December 19 ValueWalk reported, a federal jury in Manhattan found Steinberg guilty on all five counts of conspiracy and securities fraud that he faced. Prosecutors…