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.
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.
Alexander Y. Thomas was elected global managing partner of Reed Smith LLP for a three-year term starting Aug. 1, beating out Philadelphia partner John Martini, the vice chairman of the global business and finance department.
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.
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.