SEC Drops Administrative Proceeding Against Kramer Levin Client Rajat Gupta - Media Center - Kramer Levin
"On March 1, 2011, the SEC filed an unprecedented civil administrative proceeding seeking civil penalties against Mr. Gupta that accused him of providing inside information to Raj Rajaratnam of Galleon Group -- the first time the SEC had attempted to use new authority under Dodd-Frank against a person not associated with a regulated entity." - Kramer, Levin, Naftalis & Frankel LLP
This is a fascinating look into the new crackdown on insider trading on Wall Street!
I am a former employee of global corporate law firm Kramer Levin.