“There should be a moment — hopefully before you’re holding a bag of cash delivered to you by somebody codenamed ‘the Octopussy’ — that causes anyone in a position to tip or trade on inside information to think twice before taking such a misguided step. And if you find yourself chewing the memory card in your cell phone to destroy any record of your misconduct, something has gone terribly wrong with your character.” —SEC enforcement director Robert Khuzami, at yesterday’s press conference detailing the charges against fourteen people involved with the Galleon insider-trading ring
