Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

A Member of the Law Professor Blogs Network

Tuesday, November 8, 2011

Rajaratnam Fined $92.8 Million in Civil Insider Trading Case

Judge Jed Rakoff imposed a $92.8 million civil monetary penalty on Raj Rajaratnam in the SEC's civil enforcement action against him, marking the largest penalty ever assessed against an individual in an SEC insider trading case.  In the criminal proceeding, Rajaratnam was sentenced to 11 years in prison and was ordered to pay more than $53.8 million in forfeiture of illegal gains and a $10 million criminal fine.  Thus, the grand total of monetary sanctions is more than $156.6 million.

SEC Obtains Record $92.8 Million Penalty Against Raj Rajaratnam

http://lawprofessors.typepad.com/securities/2011/11/rajaratnam-fined-928-million-in-civil-insider-trading-case.html

SEC Action | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef015392e6a47a970b

Listed below are links to weblogs that reference Rajaratnam Fined $92.8 Million in Civil Insider Trading Case:

Comments

Post a comment