John Kinnucan Wouldn’t Sing for Feds, But Now He Won’t Shut Up

“It is a larger story at work here about the proper role of the SEC and its mandate as I understand it to provide guidance to the investment community,” the analyst who became a Wall Street hero after he refused to wear a wire in the federal insider-trading probe said in an interview with Bloomberg, his fourth in the two weeks since the FBI visited him at his Portland, Oregon, home. “The Justice Department evidently would like to retroactively criminalize research activities which have been complicitly condoned by the SEC for years. If I don’t raise my voice, nobody will, because everyone has gone underground.” [Bloomberg]