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

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.
Comments (3)
  • deercreekvols
    , contributor
    Comments (5151) | Send Message
     
    Why hasn't the SEC charged Jon Corzine?

     

    Sometimes it pays to know people in high places, so it seems.
    19 Jul 2013, 07:58 PM Reply Like
  • mweaver
    , contributor
    Comments (201) | Send Message
     
    the sec has no case
    this is an attempt to ruin a hedge fund
    by having clients pull their money
    20 Jul 2013, 04:14 AM Reply Like
  • deercreekvols
    , contributor
    Comments (5151) | Send Message
     
    The SEC is not in the business of ruining hedge funds.
    The rules are set up to favor hedge funds.
    If you have some information on what the SEC is trying to do, please provide a link.
    I would appreciate it.
    20 Jul 2013, 11:02 AM Reply Like
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