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Originally Posted by 1952boyntoncollector
People go to jail for insider trading too but doesnt stop anything.....as long as there is money to be made....the tv show american greed will always have new stories to tell
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Maybe so. But, what we don't know is how much insider trading has been deterred by criminal prosecutions. I don't know whether anyone has attempted to calculate this, or whether that would even be possible. I suspect a good bit.
If the issue is whether prosecutions will deter all criminal conduct by auction houses, we all know the answer. There will always be some greedy and brazen knuckleheads willing to run the risk of prosecution for money. Having spent a career in law enforcement, I believe we need to provide sufficient funding to investigative agencies and prosecutors, both federal and state, to bring these people to justice.