So Gupta gets 2 years in the joint for his role in the Wall Street Insider Trading Scandal. Did he get off easy? The way I look at it is " that it takes two to tango "! In most "insider trading prosecutions", there is a "tipper " and "tippee". Each party needs the other. Without the "tipper's " non-public information, the greedy 'tippee " has no unfair advantage in trading on a particular stock.
So how can we rationalize Gupta getting just two years and Raj Rajatnaram being sentenced to 11 years in Federal Prision ? Is it because Raj R was sleazier, greedier and made more money? Or because Gupta, the former Goldman Sachs Director was basically a " nice guy" who went bad . Was age a factor? Are "tippees looked at with more disfavor than tippers ?
We'll probably never really know the exact thinking of the presiding Judge . My opinion, Gupta's two years are a walk in the park.
Remember, it takes two to tango!
Wall Street analyst Steve Goldman reporting.
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