Preet Bharara
Preet Bharara
Preetinder Singh "Preet" Bhararais an Indian-born naturalized American attorney and the U.S. Attorney for the Southern District of New York. Earning a reputation of a "Crusader" prosecutor, his office has prosecuted diplomats and people in other countries. He prosecuted nearly 100 Wall Street executives, reached historic settlements and fines with the four largest banks in the US, and closed multibillion-dollar hedge funds. He also prosecuted New York state politicians, including the Speaker of the New York State Assembly, Sheldon Silver...
NationalityAmerican
ProfessionPublic Servant
CountryUnited States of America
Preet Bharara quotes about
History has shown that one cannot legislate a culture of integrity. And yet, one of the paramount responsibilities and challenges of corporate leadership is to ensure such a culture.
Unfortunately, from what I can see from my vantage point as the U.S. Attorney here, illegal insider trading is rampant and may even be on the rise.
The alarm bells sound regularly: cybergeddon; the next Pearl Harbor; one of the greatest existential threats facing the United States. With increasing frequency, these are the grave terms officials invoke about the menace of cybercrime - and they're not understating the threat.
As the United States attorney in Manhattan, I have come to worry about few things as much as the gathering cyber threat.
Businesses should be assured that law enforcement will operate with the utmost sensitivity toward victims of cyber attacks.
I don't eat green things, no vegetables.
I don't like coffee but I need caffeine.
I eat almost no lunch. I have a big dinner but I don't have a big lunch.
I'm a big fan of meat.
Securities fraud generally and insider trading in particular should be eminently deterrable crimes.
Unfortunately, from what I can see from my vantage point as the U.S. Attorney here, illegal insider trading is rampant and may even be on the rise.
From coast to coast, the FBI and Securities and Exchange Commission have ensnared people not only at hedge funds, but at technology and pharmaceutical companies, consulting and law firms, government agencies, and even a major stock exchange.
I spoke bluntly about what I had seen in a little over a year as United States Attorney for the Southern District of New York. To the apparent surprise of many in the room, I observed publicly that insider trading appeared to be rampant.
In some respects, inside information is a form of financial steroid. It is unfair: it is offensive; it is unlawful; and it puts a black mark on the entire enterprise.