Is the Current Wave of Insider Trading Cases a Deterrent to Others?
December 12, 2012 | The Insider: White Collar Defense and Securities Enforcement
As sentences in insider trading cases have grown longer, insider trading has continued, apparently at historically high rates, with increasingly longer sentences being meted out. However, the longer sentences do not appear to deter insider trading. What does deter insider trading is the likelihood of getting caught. And the likelihood of getting caught is largely a function of Congressional funding of investigations and prosecutions of white collar crime. [...]