Financial Industry Risks Go Up – Gupta Convicted for Insider Trading, and 110 Years for Stanfo
Not a good week for the financial industry, and reputation risks increase accordingly. The jury did not take long to find Mr. Gupta guilty of insider trading. And, Allen Stanford was sentenced to 110 years in prison for financial fraud. The Sunday morning talk shows will have plenty of grist. "Messagers" will have spin. The litigation industry will continue to grow.