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Current DateTime: 11:24:44 11 May 2011LinksList Documentid: 38910464Expiration DateTime: 5/11/2011 11:27:44 AM
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Current DateTime: 10:57:40 11 May 2011LinksList Documentid: 39085620FacebookTwitterRSSCurrent DateTime: 10:57:40 11 May 2011LinksList Documentid: 38852222John Carney
Runs this joint.
Cadie Thompson
Really, really runs this joint.
Kate Kelly
Reports on the major Wall Street firms, trading, and regulation.
Jeff Cox
A staff writer with CNBC.com, covering the gamut of issues affecting the stock market and the economy.
Lori Spechler
A Senior Editor at CNBC, commodity trader in a former life.
Lori Ann LaRocco
A Senior Talent Producer at CNBC.
Nicole Lapin
Runs the graveyard.
Current DateTime: 11:24:39 11 May 2011LinksList Documentid: 38910635Expiration DateTime: 5/11/2011 11:27:35 AM
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setDefault('cnbc_textbody');Why Wall Street Should be Concerned About the Rajaratnam Verdict Published:
Wednesday, 11 May 2011 | 1:55 PM ET Text Size By: Cadie ThompsonProducer, CNBC.com
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Getty ImagesRaj Rajaratnam, confronted by media as he leaves the Daniel Patrick Moynihan United States Court House at 500 Pearl Street after being found guilty of 14 charges.Even if Wall Streeters support the verdict in the Raj Rajaratnam case, they still have reason to be a concerned about what exactly that verdict means.
With Rajaratnam convicted on all 14 federal charges, five counts of conspiracy and nine counts of insider trading, a precedent has now been set for how insider trading will be pursued by law enforcement agencies and tried in a court of law.
And basically, federal law enforcement officials have been given the green light to treat suspected violators of securities laws like murderous mobsters.
With Rajaratnam, the prosecutors found the almost perfect defendant.
He appears to have very blatantly and regularly used insider information to make trades. But great defendants can make for bad law.
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