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INSIDER TRADING

Having failed to bring criminal charges against the people and institutions responsible for the 2008 mortgage baked security crisis, the Department of Justice has tried to save face by bringing numerous prosecutions for insider trading against hedge funds and individuals.

The integrity of the securities market is based on the principle that no investor should be permitted to trade on information not available to the public.  Insider trading is the buying or selling of securities on the basis of material non-public information. Such information may consist of earning reports before they are made public or news of a pending acquisition.  Defendants in recent cases have included tippers, i.e., those who pass on non-public information to others and tippees, those who receive the information and trade on it.

Criminal charges of insider training are very serious and should be handled by quality attorney representation

While insider trading is rampant, those who get caught can face long prison sentences.  In two recent high-profile cases in the Southern District of New York, a hedge fund manager and a board member who passed along valuable inside information received prison sentences approaching 10 years.  Individuals who exchange information that they obtain from their public corporation employers have been prosecuted as well. 

Jonathan Marks has considerable experience in representing individuals charged with insider trading in the Southern and Eastern Districts of New York and the District of New Jersey.

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