This is an interview by Jim Cramer of U.S. attorney Preet Bharara, the so-called "sheriff of Wall Street" at the recent "Delivering Alpha" conference.
Preet is smart and has a great sense of humor and is dead serious about nailing the bad guys. Hopefully his audience took to heart his warnings on what suspected insider trading could do to a firm. In the interview, he points out that hedge funds et al. look at the law as a line and try to get as close to the line as possible without going over. He points out that this is an unhealthy way to look at it. Instead, create an ethical culture.
I do have to admit that hedge fund managers remind me a bit of many teenagers. Lay down the law to them by telling them not to do something (don't take drugs, for example), and they hear it as a challenge on whether they can get away with whatever it is.
Anyways...every investor will enjoy and learn from this video:
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