Insider trading tells everybody at precisely the wrong time that everything is rigged, and only people who have a billion dollars and have access to and are best friends with people who are on boards of directors of major companies - they're the only ones who can make a true buck.— Preet Bharara
The most inspiring Preet Bharara quotes to get the best of your day
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.
Significant officials at publicly traded companies are casually and cavalierly engaged in insider trading. Because insider trading has as one of its elements communication, it doesn't take rocket science to realize it's nice to have the communication on tape.
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.
Securities fraud generally and insider trading in particular should be eminently deterrable crimes.
I wanted to be a prosecutor - a criminal lawyer - because there's nowhere where the stakes are higher, where you can wake up every day and believe in what you're doing.
We have witnessed the most educated, successful, and monied professionals in the country put their companies - not to mention their own liberty - at risk by engaging in flagrant and foolhardy illegal conduct.
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 don't eat green things, no vegetables.
That's an incredibly serious thing if people think that the president of the United States can tell heads of law enforcement agencies, based on his own whim or his own personal preferences or friendships, that they should or should not pursue particular criminal cases against individuals. That's not how America works.
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.
I don't like coffee but I need caffeine.
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.
I just want to apologize in advance that I don’t have enough subpoenas for all of you.
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.
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.
I don't get paid to serve the president.
I get paid to serve the public and what I think is in the interest of justice, no matter who the president is.
As the United States attorney in Manhattan, I have come to worry about few things as much as the gathering cyber threat.
I would like to think that the level of aggressiveness in law enforcement will remain the same, when you're talking about things like keeping the markets fair and government honest. I don't foresee any departure from that, unless I'm missing something big.
I do my job. I love my job. It's the best job I ever had. And it's probably the best job I will ever have. And I serve at the pleasure of the president. That's true of President Obama. That will be true of President Trump. And if and when a president decides that they want to replace me, I'll ride off into the sunset.
Businesses should be assured that law enforcement will operate with the utmost sensitivity toward victims of cyber attacks.
I have come to really love the sound of nervous laughter.
The aggressive use of wiretaps is important: It shows that we are targeting white-collar insider-trading rings with the same powerful investigative tools that have worked so successfully against the mob and drug cartels.