Hedge fund titan Steven A. Cohen’s firm, long the focus of a federal investigation into insider trading, is paying more than $600 million to U.S. securities regulators to settle allegations arising from improper trading in two stocks. The settlement is the largest ever by a hedge fund and involves allegations […]
Tag: Hedge Fund
SEC might take action against SAC Capital Advisors
The U.S. government has told hedge fund titan Steven A. Cohen’s SAC Capital Advisors that it is likely to face civil charges over alleged insider trading at the $14 billion firm, a source familiar with the matter said on Wednesday. The Securities and Exchange Commission issued a so-called Wells notice […]
