SAC Capital ex-trader convicted of insider trading

NEW YORK (AP) — A former SAC Capital Advisors portfolio manager was convicted Thursday of helping the company owned by billionaire Steven A. Cohen earn more than a quarter-billion dollars illegally through trades based on secrets about the testing of a potential breakthrough …

CouponFollow Extension

$616
OFF

SAC Capital Management Companies Plead Guilty To Insider …

2 weeks from now

May 18, 2015 · Because the SAC Companies have already agreed to pay $616 million to the SEC to resolve related civil insider trading charges, that amount will be credited against the $900 …

justice.gov

$1
OFF

SAC Capital Ex-trader Convicted Of Insider Trading

2 weeks from now

Feb 7, 2014 · SAC Capital pleaded guilty in November to fraud charges and agreed to pay $1.8 billion to settle charges that it allowed, if not encouraged, insider trading for more than a decade.

seattletimes.com

$1
OFF

Southern District Of Florida | Former Vice President And Controller …

2 weeks from now

3 days ago · MIAMI – A Florida man pleaded guilty today in the Southern District of Florida for his role in an insider trading scheme that netted him over $1.6 million in illicit profits. According to …

justice.gov

FAQs about SAC Capital ex-trader convicted of insider trading Coupon?

Where is SAC Capital Advisors based?

An article on Friday about the insider trading conviction of Mathew Martoma misidentified, in some copies, the city in Connecticut that is home to SAC Capital Advisors, the hedge fund for which he worked. It is based in Stamford, not in Greenwich. ...

Why did the SAC Companies plead guilty?

The Indictment charges the SAC Companies with securities fraud and wire fraud in connection with a large-scale insider trading scheme. The SAC Companies pled guilty today before U.S. District Judge Laura T. Swain, pursuant to a plea agreement. ...

What is a sac indictment?

Specifically, the Indictment charges the SAC Companies with insider trading offenses committed by numerous employees, occurring over the span of more than a decade, and involving the securities of more than 20 publicly-traded companies across multiple sectors of the economy. ...

Who pleaded in United States v SAC Capital Advisors?

Judge Swain received the pleas in the Criminal Case, United States v. S.A.C. Capital Advisors, L.P., et al., 13 Cr 541 (LTS), earlier today. ...

When is SAC Capital sentencing?

Sentencing is scheduled for March 14, 2014, before Judge Swain, who reserved on the decision of whether to accept the pleas. Manhattan U.S. Attorney Preet Bharara said: “Subject to the Court’s acceptance, today four SAC Capital companies pled guilty to serious federal crimes that undermined the integrity of our securities markets. ...

Did SAC liquidate its position in the stock market?

The jury convicted Mr. Martoma of charges that he used that inside information to recommend that SAC liquidate its position in those stocks. Even though prosecutors introduced evidence that he played an instrumental role in the selling of those stocks over four days, Mr. Cohen was not charged with wrongdoing. ...