I don't understand, should the SEC only occaisionally enforce the laws? Would you prefer a situation where he was not prosecuted for insider trading, even though this is a crime he committed?
I used to work at Qwest (and before that the company it acquired, USWest). Part of our mandatory training included a module on what to do when the authorities requested phone/network records. It was quite clear that you were supposed to bring these to the legal department. I don't know what the legal dept. was told but I found it interesting that this was even communicated to employees. Other companies I've worked for have never mentioned this.
[+] [-] sc68cal|12 years ago|reply
http://en.wikipedia.org/wiki/Joseph_Nacchio#Insider_trading....
[+] [-] harshpotatoes|12 years ago|reply
[+] [-] dtauzell|12 years ago|reply
[+] [-] aravindet|12 years ago|reply
[+] [-] lwhalen|12 years ago|reply
<wait for it>
...Nacchio average CEO!
But seriously, good on him for standing up. I wish more corporate masters^H^H^H^H^H^Hleaders would push back like this more often.
[+] [-] majke|12 years ago|reply