SAC Disputes SEC Charges In Detailed Report

Jul 23 2013 | 2:43pm ET

SAC Capital Advisors founded Steven Cohen never read the crucial e-mail that is the cornerstone of the Securities and Exchange Commission's allegations against him, the firm said yesterday.

The SEC sued Cohen last week, accusing him of failing to supervise two employees allegedly involved in insider-trading. The regulator, which voted unanimously Friday morning to pursue the charges, is seeking to ban the hedge fund manager from the industry.


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Publisher's Note

    Hedge Funds Care Gala Raises $2 Million For Charity

    Mar 10 2014 | 11:33am ET

    A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…