Archive for December 2013
SAC’s Insiders: Indicting Financial Institutions
Vesna Harasic On November 8th, 2013, billionaire Steven A. Cohen’s Connecticut-based hedge fund, SAC Capital Advisors (“SAC”), pled guilty to criminal fraud charges, after allowing—if not facilitating—insider trading for over a decade.[1] SAC cut a deal with the government in the U.S. District Court in New York, in which it has agreed to pay $900…
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