SAC Capital agrees to record $1.8 bn trading penalty

Nov 05, 2013
<p>Hedge fund admits to insider trading in plea deal</p>
SAC Capital Advisors, the $15 bn hedge fund run by billionaire Steven Cohen, has agreed to plead guilty to insider trading, pay a record insider trading fine of $1.8 bn and close its investment advisory business. SAC Capital was indicted earlier this year on charges

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