Tag Archives: SAC

Cohen escapes indictment, while SAC “edge” sacrafices little

SAC “a veritable magnet of market cheaters,” the firm and its units permitted a “systematic” insider trading scheme to unfold from 1999 to 2010, activity that generated hundreds of millions of dollars in profit for the firm, owned by its founder, the billionaire stock picker Steven A. Cohen. The indictment cites SAC’s inner workings, citing […]