Victor Marrero

Victor Marrero News

  • SAC Says Cooperation With U.S. No Longer ‘Unconditional’

    SAC Capital Advisors LP, Steven Cohen’s $15 billion hedge-fund firm, told investors it’s no longer cooperating unconditionally with the U.S. government’s insider-trading investigation.

  • SAC Owes $549 Million for Elan Trades, Investors Say

    SAC Capital Advisors LP, the hedge fund company founded by Steven A. Cohen, owes Elan Corp. shareholders at least $685.6 million as a result of alleged insider trades in the drugmaker’s stock, investors said in a lawsuit.

  • SAC’s Record $602 Million SEC Settlement Approved

    SAC Capital Advisors LP’s record $602 million insider trading settlement with the U.S. Securities and Exchange Commission was approved by a federal judge, who conditioned his ruling on a future appeals court decision in an SEC settlement with Citigroup Inc.

  • SAC Judge Questions Record $602 Million SEC Settlement

    SAC Capital Advisors LP will have to wait to learn if its $602 million insider trading settlement with the Securities and Exchange Commission can go forward, after a Manhattan judge raised questions over a provision that allows the hedge fund to avoid admitting it did anything wrong.

  • Basel Endorsed, Nomura Assets, SAC Approval: Compliance

    European Union banks will be forced to boost capital, disclose more information on their activities than ever before, and face tougher scrutiny of how they measure risks, after lawmakers formally endorsed a law to overhaul the bloc’s financial rulebook.

  • SAC Seen Facing Smoother SEC Accord Approval Than Citi

    SAC Capital Advisors LP may have an easier time completing a $602 million settlement with the Securities and Exchange Commission than Citigroup Inc. did in 2011, in part because it faces a different judge, according to securities lawyers.

  • Amazon-Overstock, Squawk Box Case, SAC Accord: Compliance

    Amazon.com Inc., the world’s biggest online retailer, and discount Internet seller Overstock.com Inc. lost a challenge to New York’s Internet sales tax law as the state’s highest court rejected their arguments that it was unconstitutional.

  • The SEC Let Steven Cohen Off Easy

    The U.S. Securities and Exchange Commission gets a lot of well-deserved brickbats for settling cases with crooks and cheats without making them admit to breaking the law. The deals often show the agency to be gutless and weak. Other times they look plain stupid.

  • SAC Capital Sued by Wyeth Investors in Tiping Claim

    SAC Capital Advisors LP was sued by a public pension fund that holds shares of Wyeth LLC, now a unit of Pfizer Inc., over alleged insider trading on tips about an Alzheimer’s drug.

  • Cohen Eludes U.S. as Latest Case Is Short on Evidence

    Looks can be deceiving when it comes to assessing the U.S. criminal investigation of SAC Capital Advisors LP founder Steven A. Cohen.

Advertisement
Sponsored Links
Advertisement
Curation software by Lingospot