Hedge fund compliance to 'ratchet up' after SAC indictment for insider trading

insider-trading

The hedge fund industry is set to intensify its focus on compliance after SAC was indicted on criminal charges for insider trading. The fund paid a record-breaking $602 million to the US Securities and Exchange Commission (SEC) in April this year to settle civil insider trading charges. It now finds itself on the wrong end of an indictment in the US District Court for the Southern District of New York, which details repeated failures in compliance that allowed insider trading to flourish at t