In some cases a person can be sent to jail, until they comply with the order, in other cases they can be fined. |
The securities laws say you cannot make use for personal gain of confidential information you obtained in a fiduciary capacity. If the First Boston analysts made no use of it, then there is not an issue. There also is an issue of whether the information they obtained was confidential and material. |
There is an increasing sense that defense lawyers have become an arm of prosecutors. Their job will be to investigate and report to the government. |