Our job is to increase the cost and risk of engaging in illicit conduct. Anyone who engages in insider trading is especially foolish or pathological, and certainly doesn’t belong in any field where rational risk assessment is part of the job description.

Preet Bharara, speaking at the New York Financial Writers Association, via The Independent. Remarking on the startlingly common question, how close the line, sir, he said, “I’m tempted to say, three-and-a-half feet. I disagree with the premise of the question.”

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