For the sixth time, the U.S. government has linked an employee of hedge-fund icon Steven A. Cohen to insider trading while at the firm. For the first time, prosecutors said Cohen had talked with a defendant about the stocks in their complaint, pulling him deeper into one of the biggest investigations of securities fraud in history.
Jonathan Hollander , a former SAC Capital Advisors LP analyst, agreed pay more than $220,000 to settle U.S. Securities and Exchange Commission claims that he traded on inside information about a pending takeover of the Albertson grocery chain, his lawyer said.
SAC Capital Advisors LP, the hedge fund run by Steven A. Cohen, put portfolio manager Michael Steinberg on leave after he emerged as an unindicted co- conspirator in a $62 million insider-trading scheme, according to two people familiar with the matter.
Jon Horvath, a former technology analyst at a unit of Steven Cohen’s $14 billion hedge fund SAC Capital Advisors LP, pleaded guilty to passing nonpublic information to his portfolio manager, who traded on the tips.
A hedge fund manager at Steven Cohen’s SAC Capital Advisors LP is an unindicted co-conspirator in a $62 million insider trading scheme tied to technology stocks, two people familiar with the matter said.
UBS AG investment banker Nicos Stephanou , facing more than 10 years in prison for insider trading, made a quick decision following his arrest two years ago: He decided to become a government informant.
Former traders of Steven A. Cohen ’s SAC Capital Advisors LP have been implicated in a U.S. crackdown on insider trading on Wall Street. SAC received a request for documents from U.S. officials, according to a person familiar with the matter.
The U.S. government rested its case today in a prosecution that may provide a preview of next year’s trial of Galleon Group LLC co-founder Raj Rajaratnam , accused of helping direct the largest-ever hedge fund insider trading scam.
Lawyers for Oklahoma City bomber Timothy McVeigh spent months polling the public and analyzing news reports in search of a more favorable venue for his trial over the attack that killed 168 people, including 19 children.