Saturday, 06 June 2020


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The Justice Department filed criminal charges against hedge-fund giant SAC Capital Thursday.

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The indictment follows a multi-year investigation, which concluded that the firm engaged in "pervasive" and "substantial" insider trading, led to the arrest of several employees, and forced the investment firm to pay more than $600 million in a civil settlement. Interestingly, the indictment does not include SAC's prominent founder and chief, Steven Cohen. But, if SAC was truly committed to insider trading, is it plausible that Cohen did not know about it? For analysis, VOR correspondent Stephen Schaber spoke with a Senior Vice President and Financial Consultant with RBC Wealth Management, Wayne Stutzer.


  WASHINGTON (VOR) - El Departamento de Justicia presentó cargos criminales en contra de los fondos de cobertura del gigante SAC Capital  el Jueves. La acusación sigue a una investigación de varios años, que llegó a la conclusión de que la firma usó "generalizadamente" y "sustancialmente" información privilegiada, que llevó a la detención de varios empleados, y que la empresa de inversión pague más de $ 600 millones de dólares en un acuerdo civil forzado. Curiosamente, la acusación no incluye al fundador y director prominente de SAC, Steven Cohen. Pero, si SAC fue verdaderamente comprometida con información privilegiada, ¿sería posible que Cohen no sabía nada de eso? Para el análisis, VOR corresponsal Stephen Schaber habló con el vicepresidente senior y asesor financiero de RBC Wealth Management, Wayne Stutzer.   From
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