July 5, 2024
Property and Financial Crimes

SAC Capital fined $1.8 billion for insider trading



SAC Capital agreed Monday to plead guilty to criminal fraud. The insider trading charges will cost billionaire investor Steven Cohen’s high-profile hedge fund $1.8 billion in fines. Sheelah Kolhatkar of Bloomberg Businessweek joins Jeffrey Brown to offer insight on the message this sends to Wall Street.

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