SAC Capital Advisors will cough up the highest ever penalty paid for insider trading, cease operating as an investment advisor and not accept any more money from third-party investors. The settlement does not resolve a separate civil case that the SEC brought against SAC Capital Advisors founder, Steven A. Cohen.
NOT FOR REPRINT
Hedge fund giant to pay $1.8 B insider trading charge
By
staff Writer
November 05, 2013 at 09:23 AM
Share & Print
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
