SAC Implements Clawbacks, Expert-Network Limits

May 3 2013 | 9:41am ET

With nine current or former employees accused—or convicted—of insider trading and facing an ongoing federal investigation, SAC Capital Advisors announced a new series of policies designed to combat illicit trading.

Chief among the new rules is a clawback provision, allowing SAC to recover compensation paid to employees found guilty of criminal charges and those sanctioned by regulators.


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