About to begin serving a prison sentence, Scott London, a former audit partner at KPMG, spoke to Market Watch about his conviction for insider trading and why he believes the offense is “rampant.”
London, 51, who pleaded guilty to insider trading charges last year and goes to prison on July 18, said that insider trading is simply too easy. Information is readily available. “Trading information gets leaked all the time,” he said. “It’s obvious when you look at the trading activity and price fluctuations before and after press releases.”
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