The FBI arrests long-time SAC Capital portfolio manager Michael Steinberg, the most senior SAC...

|By:, SA News Editor
The FBI arrests long-time SAC Capital portfolio manager Michael Steinberg, the most senior SAC employee to be detained so far as part of the insider-trading investigation into the hedge fund. Steinberg's arrest comes after a judge delayed his decision on whether to approve a $602M settlement between SAC and the SEC over allegations of insider trading.