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

|By:, SA News Editor

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.