SAC Faces SEC Charges, Cohen In Crosshairs

Nov 28 2012 | 12:01pm ET

SAC Capital Advisors will likely face Securities and Exchange Commission fraud charges stemming from alleged insider-trading by a former portfolio manager, and the regulator may go after firm founder Steven Cohen, as well.

SAC told clients that it has received a Wells notice from the SEC, indicating that the agency is poised to bring an enforcement action against it.


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