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SAC Capital Admits Guilt, Faces $1.8B Fine

November 5, 2013 by Eugene Grygo

The SAC Management Companies, based in Stamford, Conn., will plead guilty on all counts of the criminal indictment for securities fraud and wire fraud that were part of a large-scale insider trading scheme, according to government officials who made the announcement on Monday, Nov. 3. The affiliated hedge fund companies were founded by adviser Steven… Read More >>

Filed Under: General Interest, Industry News Tagged With: insider trading, SAC Capital, SEC, Steven A. Cohen

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