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Felonies For Financial Firms?

Wall Street's chief enforcement agent, Preet Bharara, said in a speech before the Security Industry and Financial Markets Association (SIFMA) that it won't be too long before "a significant financial institution will be charged with a felony or be made to plead guilty to a felony." Bharara has been a leading advocate for holding institutions themselves, and not just people, accountable for crimes and has aggressively been going after financial firms and white-collar criminals in particular.

Posted on March 31, 2014, at 1:51 p.m. ET

Allison Joyce / Reuters