SAC Capital’s record fine is warning to hedge funds

sec

The US Securities and Exchange Commission (SEC) has fined hedge fund SAC Capital $614 million for insider dealing.

The settlement was agreed for two separate incidents at SAC Capital. Hedge fund advisory firm CR Intrinsic Investors, an affiliate of SAC Capital, agreed to pay $600 million, the largest ever settlement for insider dealing. Sigma Capital Management, meanwhile, which is also an affiliate of SAC Capital, agreed to pay nearly $14 million to settle charges.

John Edge, global head of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: