INSIDER TRADING: Never Play With Guns

Never Play With Guns

For a while, it looked as if the steam had gone out of the much touted campaign by U.S. prosecutors against insider trading on Wall Street. Only last May, for example, the feds dropped charges against three investment-banking executives, though new indictments may be brought. But last week the campaign against wrongdoing in Manhattan's financial community took another step forward as Lawyer Israel Grossman, 34, was found guilty on 38 counts of mail and securities fraud related to insider trading. Grossman, who will be $ sentenced Sept. 15, faces a maximum of five years in jail and a $250,000 fine on...