Bloomberg Hedge Fund Summit 2012: Insider Trading [LIVE]

Bloomberg Hedge Fund Summit 2012, panel up now is legal, and a focus on insider trading. Speakers are Gerald L. Shargel, Attorney, Law Offices of Gerald L. Shargel, Ira Lee Sorkin, Member, Lowenstein Sandler PC (who defended Bernie Maddoff and Jonathan R. Streeter, Partner, Dechert LLP; Former Assistant U.S. Attorney, Southern District of New York, U.S. Department of Justice.

11:05: The penalties have only gone up in the past 20 years, and fraud and insider trading has not stopped. This is not deterring anyone. You can spend more time in jail for stock fraud than manslaughter.

11:07: Gerald says that there is...