March 23, 2012
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0:34Now PlayingOct. 19 (Bloomberg) -- Jacob Frenkel, a partner at Shulman Rogers Gandal Pordy & Ecker and a former U.S. Securities and Exchange Commission lawyer, comments on the outlook for more insider-trading cases following the arrest of billionaire hedge-fund manager Raj Rajaratnam.
Rajaratnam, who founded the Galleon Group in 1997, was arrested with five alleged conspirators on Oct. 16 in what prosecutors called the biggest insider-trading ring targeting a hedge fund. (Source: Bloomberg)
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