November 4th, 2013
04:56 PM ET

SAC Capital pleads guilty to insider trading

SAC Capital, a successful hedge fund, agreed to plead guilty to insider trading charges Monday. Preet Bharara, U.S. Attorney for the Southern District of New York, announced the company will pay a record $1.8 billion fine and cautioned Wall St. against excessive greed.

soundoff (No Responses)

Comments are closed.