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A comment on The Story Of Joseph Nacchio And The NSA. Parent comment

Re:The Story Of Joseph Nacchio And The NSA by salem on Wednesday June 12, 2013 @11:12PM (#5872099)
"The SEC brought 58 insider trading actions in FY 2012 against 131 individuals and entities."

Seems like a small number to me considering the size of the market. The chances of being caught seems to be small indeed, unless someone is really looking.

Speaking of Raj Gupta, he was connected with Raj Rajaratnam, who was funding a group with alleged close ties to the Tamil Tigers.

I'm not saying there was no wrong doing, but something fails the smell test.

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Re:The Story Of Joseph Nacchio And The NSA by tptacek on Wednesday June 12, 2013 @11:29PM (#5872150)
Raj Gupta was a huge Democratic Party fundraiser, so much so that his status within the party was the lede in many stories written about the case. Yet it was a Democratic administration that he helped put into power that took him down.
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Re:The Story Of Joseph Nacchio And The NSA by rayiner on Wednesday June 12, 2013 @11:34PM (#5872167)
Note that the SEC tends to focus on public-company stuff, so the industry isn't that big. How many F500 c-suite execs are there?
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