Rajaratnam and 75 Other Reasons Hedge Funds Are Scared Straight

  • All those insider-trading convictions gave Wall Street chills
  • Training sessions include photos of white-collar perp walks

The ghost of Raj Rajaratnam still haunts hedge funds. Some make employees sign pledges that they’ve not acted on illicit tips, others snoop on their traders with keystroke-reading software. At the compliance meetings everybody has these days, prison isn’t an off-the-wall topic.

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