She also said his actions were particularly egregious because he was a lawyer who had taken oaths of integrity. Kluger fully deserved 12 years in prison, she said.
"People stay out of the market in part because they think it's skewed toward the insiders," she said. "These people may be right."
She recommended that Kluger report to the federal prison in Butner, North Carolina, where Bernard Madoff is serving 150 years. The date hasn't been set.