Security and Exchange Commission (SEC)


Fri July 26, 2013
The Two-Way

Hedge Fund SAC Capital Pleads Not Guilty To Fraud Charges

Originally published on Fri July 26, 2013 3:04 pm

Preet Bharara, United States Attorney for the Southern District of New York, speaks at a news conference on Thursday about a federal indictment against SAC Capital.
Timothy Clary AFP/Getty Images

Hedge fund SAC Capital Advisors has pleaded not guilty to wire and securities fraud, a day after federal prosecutors in New York charged the firm in connection with an alleged insider trading scheme.

Peter Nussbaum, SAC's general counsel, entered the plea on behalf of the firm, one of Wall Street's biggest hedge funds.

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Thu July 25, 2013
The Two-Way

Feds Charge SAC Capital In Insider Trading Case

Originally published on Thu July 25, 2013 9:29 am

Former SAC portfolio manager Michael Steinberg (center) exits a Manhattan federal court with his attorney after his indictment on securities fraud charges in March.
Louis Lanzano AP

Federal officials in New York City have charged SAC Capital Advisors with insider trading, the culmination of a protracted investigation into the hedge fund founded by embattled billionaire Steven Cohen.

SAC is charged with one count of wire fraud and four counts of securities fraud in connection with alleged insider trading by "numerous employees" at "various times between in or about 1999 through at least in or about 2010," according to the indictment.

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Fri July 19, 2013
The Two-Way

SEC Charges Hedge Fund Billionaire Steven Cohen

Originally published on Fri July 19, 2013 4:52 pm

Steven A. Cohen, founder and chairman of SAC Capital Advisors, is interviewed in Las Vegas in 2011.
Steve Marcus Reuters/Landov

The SEC on Friday filed civil charges against Steven A. Cohen, the founder of hedge fund SAC Capital Advisors, accusing the billionaire of failing to prevent insider trading.

The Securities and Exchange Commission in a statement Friday afternoon said:

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Thu July 18, 2013
Business Report

Repeal Of Depression-Era Ban Could Benefit Colorado Businesses

Emmanuel Huybrechts Creative Commons/Flickr

The news that federal regulators have repealed an 80-year ban on advertising of private stock offerings has gotten a lot of attention in Boulder business circles this week.

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Wed May 29, 2013
The Two-Way

Nasdaq Agrees To $10M Penalty For Handling Of Facebook IPO

A year ago, before the initial public offering of stock, Nasdaq and Facebook were quite excited.
Emmanuel Dunand AFP/Getty Images

One year after Facebook's troubled initial public offering, the Securities and Exchange Commission announced Wednesday that it has "charged Nasdaq with securities laws violations resulting from its poor systems and decision-making ... [and that] Nasdaq has agreed to settle the SEC's charges by paying a $10 million penalty."

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