SAC Seeks To Settle Insider Trading Charges

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SAC Seeks To Settle Insider Trading Charges

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SAC Seeks To Settle Insider Trading Charges

by Wochit 0:29 mins

Lawyers for Steven A. Cohen's embattled $14 billion hedge fund, SAC Capital Advisors, has reportedly reached out to U.S. prosecutors in Manhattan to try to settle insider trading charges. SAC's overture to prosecutors is reportedly an attempt to strike a deal that would involve paying a fine of as much as $1 billion.

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