June
2017
Saturday, October 19, 2013
BEN PROTESS AND PETER LATTMAN, Dealbook
Submitted by: Tracey Hawkins

Steven Cohen Plea May Cost $2 Billion Penalty for Insider Trading Scam

Potential Deal in SAC's Insider-Trading Case Could Top $1.2 Billion.

[Dealbook] An agreement to stop operating as an investment adviser is one feature of a larger agreement SAC is negotiating as it seeks to resolve insider trading charges, according to people briefed on the case. The plea deal, these people said, would also require SAC to plead guilty to criminal misconduct and pay more than $1 billion in penalties, a record for an insider trading prosecution.

Posted by Editor on 10/19/13 at 12:03 PM •  (0) Comments

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