1. Should inside traders, who are nonviolent, white collar criminals, be subject to Mafia-style investigation tools?
2. How can a stock trader know when she or he is receiving inside information that would be illegal to act upon?
3. How can a stock trader avoid using insider information?
4. Would a private investor be subject to the same rules against using insider information as a stock trader?
5. Should a person giving a tip (the tipper) be subject to the same penalties as the user (the tippee)?

Billionaire Raj Rajaratnam was arrested for insider trading on October 15, 2009 and marched in handcuffs from his New York apartment.1 Up to that point he had enjoyed fame and fortune for founding the $7 billion Galleon Group of hedge funds, and its enviable record of securities trading. But instead of being the astute investor everyone thought him to be, it appears that his success was based on using inside information from tipsters, not astute independent analysis of corporate performance. According to the enforcement chief of the U.S.  Securities and Exchange Commission (SEC), Rajaratnam was “not the master of the universe, rather [he was] a master of the rolodex.”