Rajat Gupta, the former head of the consulting firm McKinsey and a former member of Goldman Sachs, was convicted today on insider trading charges. This is the latest of several insider trading suits that the government, particularly US Attorney in the Southern District of New York Preet Bharara, has focused on. While no executive has [...]

Former hedge fund manager and Goldman Sachs board member Raj Rajaratnam was convicted on federal charges of fraud and conspiracy today. Rajaratnam is the biggest fish to be caught so far in the wide-ranging federal insider trading investigation. Mr. Rajaratnam, who was convicted on all 14 counts, could face as much as 19 and a [...]