Wall Street scared new attorney general could be Preet [View all]

[jakeXT]

Attorney General Eric Holder is heading to the exit door — and that’s making Wall Street nervous.

Executives in the financial services industry see Manhattan US Attorney Preet Bharara as a possible successor — and with his tough-on-corporate-crime history, believe a renewed focus on Wall Street could be coming to Washington.

Holder, after six years atop the Justice Department, is seen as not interested in highlighting white-collar crimes.


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“It’s probably going to be the Southern District attorney as a direct response to what is the perception of Holder’s lack of aggressive prosecution of financial services executives,” LoPresti added.

Bharara, who has held his position since 2009, has successfully prosecuted more than 80 insider-trading cases, including former Galleon Group head Raj Rajaratnam, ex-SAC Capital trader Matthew Martoma, and forced a guilty plea from SAC Capital itself.

http://nypost.com/2014/09/26/wall-street-scared-new-attorney-general-could-be-preet/