Blog | G5 Cyber Security

Insider Trading: Kerviel Sentencing Reveals Gaps

Jerome Kerviel, 33, cost his former employer and France’s second-largest bank, Societe Generale, $6.8 billion in fraudulent transactions. A Paris court gave him three years for his crime — a slap on the wrist, relative to price other inside-traders have paid for similar offenses. The case highlights inconsistency in the punishment rogue traders face when they are caught. “The punishment does not fit the crime at all,” says former FBI special agent Eric Fiterman. Fiterman suggests four approaches to curbing insider threats.”]

Source: https://www.cuinfosecurity.com/blogs/insider-trading-kerviel-sentencing-reveals-gaps-p-738

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