Ian Roffman quoted in “Q&A: The government’s insider trading probe”Print PDF
Ian Roffman, a member of the firm’s Securities Litigation and Government Investigations and White Collar Defense practice groups, and a former senior trial lawyer at the Securities & Exchange Commission, was quoted in “Q&A: The government’s insider trading probe” in a Reuters wire story on December 16. The article discusses how the government’s probe into possible insider trading on Wall Street resulted in the arrest of three consultants and one executive at an expert networking firm.
Ian commented on the government’s difficulty proving insider trading cases in the past. “Insider trading cases are notoriously tough to prove. Without wiretaps or cooperating witnesses to provide direct evidence about what was said during conversations, the government has to rely on circumstantial evidence, such as the timing of phone calls and trades or anomalous trading patterns, which is much weaker and often contradicted by witness testimony and plausible explanations," said Ian.