Updated: SAC Capital Settlement, Investigation Widens
Last week's civil settlement in the insider trading investigation into Steven A. Cohen's venerable SAC Capital was fairly well-predicted: Trials are risky in such cases for the prosecution, while the SEC has made similar accusations directed at the hedge fund for close to a decade. Still, many see the result as a marker, including those who attended Sifma's annual legal and compliance society seminar in Phoenix last week.
"The argument from the regulators, who opened the conference with a
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