Corporate Law News

Midlife Crises: Age of Convicted Inside Traders Trending Upward

May 5, 2017, 7:16 PM

The average age of those convicted and sentenced for insider trading has steadily trended upward since 2007, a Bloomberg BNA analysis of U.S. Sentencing Commission (USSC) data shows.

The median age of those convicted went from 38 in 2005-2007 to 47 in 2014-2016.

Before 2011, average ages may have trended younger because of numerous cases against large insider trading rings, some of which involved dozens of low-level traders in their 30s.

These cases included the “squawk box” prosecution (U.S. Securities and Exchange Commission v. A.B. Watley Group, Inc. et al), the Croatian seamstress case (Securities and Exchange Commission...

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