Billionaire Steven Cohen's SAC Capital Advisors, the hedge fund firm accused of fostering a culture of rampant insider trading , has agreed to plead guilty to a federal indictment and pay $1.8 billion. But that's not the end of the story.
Officials say broker helped Qualcomm executive trade on inside information over acquisition.
King Pharmaceuticals-Pfizer deal led to nearly $500,000 in illegal profits, agency claims.
The hedge fund advisory firm Level Global Investors has agreed to pay more than $21.5 million to settle charges that its co-founder and analyst engaged in repeated insider trading of Dell and Nvidia stock.
Rajarengan “Rengan” Rajaratnam was charged by the SEC Thursday for his role in the massive Galleon insider trading scheme.
Seeks to bar hedge fund manager from overseeing investor funds.
A Philadelphia district court handed down a $100,000 fine and six-month prison sentence for allegedly unlawful trades.
Complaint says firm may have unwittingly profited from the trades.
Among recent actions taken by the SEC and FINRA were the breakup of an insider trading ring; Raymond James getting fined and censured; and proceedings over securities law violations by the Big Four accounting firms' China affiliates.
SAC Capital Advisors plans to shut down its London office as the $14 billion hedge-fund firm founded by Steven A. Cohen scales back in the face of insider - trading allegations by U.S. prosecutors