The Madeleine Brand Show

The Madeleine Brand Show is a daily, two-hour program that looks at news and culture through the lens of Southern California. Hosted by Madeleine Brand

Federal prosecutors crack down on insider trading

by The Madeleine Brand Show

1357 full
A street sign stands on Wall Street in front of the New York Stock Exchange. Emmanuel Dunand/AFP/Getty Images

Federal prosecutors have charged seven people with running an insider trading scheme. Authorities say they made more than 60 million dollars by using information they got from a Dell employee to trade stock in the computer maker. The case is part of a larger crackdown into insider trading which has resulted in dozens of guilt pleas or convictions. As important as these cases may be, some Wall Street insiders are questioning why the government hasn't been more aggressive in pursuing traders and firms that were involved in the financial collapse of 2008. We speak with one insider, Barry Ritholtz.
He runs an investment firm that manages millions of dollars.

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