steven cohen

SAC Portfolio Manager Arrested in Insider-Trading Investigation

SAC Capital Portfolio Manager Michael Steinberg was arrested Friday in connection with a long-running insider-trading investigation, according to the FBI.

Hedge Fund Agrees to Pay $600M to Settle Insider-Trading Charges

Two affiliates of SAC Capital Advisors, the hedge fund run by billionaire Steven Cohen, will pay more than $614 million to settle insider trading settlement charges.