Bangalore: Rajat Gupta should pay maximum civil penalty for the insider trading case he is involved in, said Kevin McGrath, in a recent court filing in Manhattan.

McGrath, an attorney for U.S. Securities and Exchange Commission also added that Gupta won’t have any problem paying an amount of $15 million, as he still has tens of millions of dollars for an “enviable retirement.

“Given the enormous profits to be reaped by hedge fund traders and other industry and corporate professionals, incentives to violate the law are greater than ever,” he said in the filing, reports Karen Gullo of Bloomberg.

According to the SEC filing, Gupta should not be permitted to become an officer or director of a company since he has not recognized his wrongdoings yet and he might violate the securities laws again.