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Cohen’s SAC pays $616M to avoid SEC charges

There is a break in the dark clouds hanging over Steve Cohen’s hedge-fund empire.
Cohen’s SAC Capital Advisors agreed to pay nearly $616 million — including a record fine — to settle two separate insider-trading cases brought by the Securities and Exchange Commission.
In both instances, SAC neither admitted nor… …read more
Source: NY Post

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Posted by on March 18, 2013. Filed under Business News,U.S. News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.