Bharara's office last week brought criminal charges against hedge fund behemoth SAC Capital, which pleaded guilty to securities fraud and has agreed to pay USD 1.2 billion penalty to the government but SAC owner Steven Cohen has not be charged with criminal wrongdoing.
When asked if federal prosecutors are still probing Cohen, Bharara said the criminal case against the firm "remains open" and "there is no coverage for criminal prosecution, no immunity from criminal prosecution for anyone."
Bharara noted that it is important to hold institutions and not just individuals accountable for wrongdoing.
"Nobody can think just because they are a particular business or financial institution that they automatically have a get-out-of-jail-free card. You cannot put a business in prison but for accountability, for the truth to come out, sometimes institutions should be charged also."
On his office's campaign against insider trading on Wall Street, Bharara said "everyone should be deeply deeply worried about the cleverness of the prosecutors in my office."