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SAC Capital's formerly teflon founder Steven Cohen is charged by the SEC with the administrative...

Jul. 19, 2013 3:54 PM ETBy: Stephen Alpher, SA News Editor3 Comments
SAC Capital's formerly teflon founder Steven Cohen is charged by the SEC with the administrative claim of failing to supervise 2 employees facing criminal insider trading charges. Penalties could include additional fines (the firm has already paid $615M) and/or the barring of Cohen from continuing to oversee investor funds. The full complaint should be popcorn-worthy weekend reading.

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