Behind Agenda's pay firewall:
Stephen Bainbridge, a law professor at UCLA and an expert on corporate governance, thinks the Gupta case will prompt board members to evaluate their behavior and communication practices outside the boardroom, especially since the SEC has sharply ramped up its enforcement of insider trading and securities fraud over the past year.
“The financial community has long thrived on gossip and rumor, and it has sort of been an accepted practice that you can swap stories over a drink after work,” Bainbridge says. “I think the SEC is really trying to change that culture."
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