Boston Globe (October 17)
2011/ 10/ 19 by jd in Global News
Galleon hedge fund founder Raj Rajaratnam received the longest insider trading sentence ever meted out in the U.S. The Globe believes Rajaratnam fully deserves the 11-year jail sentence. “Markets are built around principles of fairness and disclosure. Insider trading perverts these principles and tilts the playing field against average investors…. Rajaratnam’s actions were a fraud on the market and an insult to every other investor who played by the rules. His was a crime with millions of victims, and his harsh punishment is entirely appropriate.”
Tags: Galleon, Insider trading, Jail, Rajaratnam, Sentence, U.S.
