NY trial tapes seen as Wall Street wake-up call

AP – The secretly taped conversations aired at the insider trading trial of Raj Rajaratnam, a one-time billionaire hedge fund boss, have given jurors a sometimes colorful dose of the go-big-or-go-home mentality at Wall Street firms.

Now the jury must determine whether the conduct caught on tape was criminal. Regardless of its decision, the highly publicized audio evidence alone seems certain to make an impression on high-stakes financiers and how they do business.

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