TBA Law Blog

Posted by: Stacey Shrader Joslin on Dec 12, 2016

Former Rutherford County attorney Jim Cope will pay a $200,000 fine and serve two years on probation, the first nine months at home, after pleading guilty to insider trading as a Pinnacle bank director. U.S. District Court Judge Aleta Trauger handed down the sentence Friday, nearly quadrupling a fine of $55,000 Cope initially agreed to pay in a plea agreement with the U.S. attorney's office. At an earlier hearing, Trauger had said Cope should pay a greater fine given his net worth of $12 million and monthly income of $37,000. The Murfreesboro Post reports that Cope still faces potential penalties from the Securities and Exchange Commission, which has filed a civil complaint, and the Tennessee Board of Professional Responsibility, which is investigating his case.