"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.
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