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The trading case -- just got bigger and Fox News legal analyst -- -- -- dollar while he is here to help us with this.
First of all there's a lot of debate on whether or not.
Did the legality of another -- available through the senate is good old fashioned -- due diligence and it's it should not be criminalized.
And these types of cases have arisen before and what the history is proven is even when an aggressive United States attorney.
Pursue these actions and tries to move the line of what's okay and what's not okay.
In a couple of cases.
Even when they've been successful in convincing a jury in the trial judge that there was criminality.
Once you got up to the appellate -- -- -- said.
Well with this isn't really -- rival harder than it really what what the legislation I didn't mind.
When they said you can't do this and those cases get get -- on sometimes the Fed wanted people go to jail for a period of time.
Until the appellate court -- -- but they -- was fine for everyone's been doing big institutions do it.
You can't just be you know go after the little guy when the big guys are allowed to do it.
The other a tremendous advantage though that the US attorney's offices here it is time.
But they do is -- take the time they just warning to the hajj try to get every piece of paper they cat.
He try to target won the weakest link who's the weakest individual here who may have even done something that.
It is illegal for what they're investigating what something else they're doing is illegal -- bring into a hotel room with some way or depression.
But off in the week it's like also means that they probably don't have enough to at this much money to defend themselves but what I'm saying with a walk over the Tiffany's.
Two days ago and I thought -- the manages -- -- business.
-- you secede by the way -- judge stores in Japan they're rock and by the thought they report last night and I made it you know cup 2000 dollars.
You is you know you're right -- just if that's spectacular example and that's.
That's where the line.
All of what his insider trading at what is an insider trading.
He's he's continually being drawn and it's gonna vary from jurisdiction to jurisdiction to judge the judge Obama would now unfortunately in center you've been working on this one of the flip sides this is the general public reads the paper and it seems like while Wall Street another edge for Wall Street.
And -- driving a lot of people out of the mark.
-- personal story was all about the hedge funds and now it's it's spreading to the mutual funds that could spread even further and so the average investors staying on top five -- -- money in -- mutual fund that under investigation.
Should I pull my lucky -- -- capital has about a 117.
Billion under management Wellington management about 600 billion under management.
So should you take your money out.
I think calling around all my sources last night this morning.
Nonissue if it's under investigation -- your money if it's in the mutual fund it didn't stocks of those mutual funds -- capital's biggest burning apple.
You're not to worry is what I'm hearing right now they're under investigation like Tracy Harris -- There's no proof yet this is just an investigation.
-- it if anything comes up insider trading it's likely going to be against an individual not against the actual.
And nothing or nothing make -- -- just just an -- that it's a good.
Nation and they -- -- -- are worth taking this to the -- considering that at the end of the day most of these cases are you are dropped or you know the defendant wins why go through with warm plea bargain now.
Well it gives a perception.
I'm is that more political -- they said he gives a perception.
That hey we're on -- the government is not unlike made off whoever was like how -- this guy have gotten.
No way would -- all of this -- so -- who was asleep at the switch this they were watching that went to the.
Never conducted -- -- the wrong thing we're talking about millions of dollars vs the trillions of dollars we lost in the financial crisis we have not seen anyone really take the blame or or the proverbial perp walk for that.
Yet and yet we're focusing on something that's existed is since trading has been.
-- image is everything.
Sorry we don't we're talking about it right now it's big everyone at home feel comfortable that the big policemen.
Are looking at -- meal money to make sure it's safe.
-- that actually record some people comfortable making some people miss the market you know I know people over the last few years who have missed the entire rally because it just so fed up because Wall Street has only angles and you have only posted --
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