Insider-trading cases have gotten tougher for the government after federal judges raised the bar for prosecution. Last year, following a landmark 2014 ruling on insider-trading law, prosecutors dropped all criminal charges against Thomas Conradt and Daryl Payton for trading on advance information about a deal. But defendants can get tripped up as well, as two former brokers are learning. Mr. Conradt... The men no longer faced jail time.

Source: Wall Street Journal May 15, 2016 17:11 UTC