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  1. Galleon Insider Trading
  2. Insider Trading
  3. Raj Rajaratnam
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SAC Insider Trading Probe Takes New Turn

SAC Capital Advisors, the $15 billion hedge fund in the spotlight of an insider-trading crackdown by the government, reportedly told investors Friday  its cooperation with the investigation is "no longer unconditional."The statement comes as nine current or former employees have been implicated in a long-running probe into insider trading.SAC, run by billionaire Steven A. Cohen, gave investors a June 3 deadline to decide whether or not to withdraw money from the fund.According to Dow Jones Newswires, SAC sent a letter to investors saying  its cooperation with the government probe is "no longer unconditional." The hedge fund also said it will limit information it shares with investors about the investigation, Dow Jones reported.A spokesperson for SAC didn't immediately respond to a request for comment.Last month SAC reached a $616 million settlement with the Securities and Exchange Commission over charges of improper trading stemming from an insider-trading probe of Mathew Martoma, a fo...

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  1. Trading Halts Help Avoid Kneejerk Mistakes

    Left up to their own devices, it's easy to see how market participants in today's rapidly-moving trading world could have jumped to the wrong conclusion upon learnin...

  2. Herbalife Downgraded on KPMG Scandal

    Shares of Herbalife (NYSE:HLF) retreated 5% on Tuesday afternoon after one analyst downgraded the controversial nutrition company due to concerns the KPMG insider-tr...

  3. KPMG in Insider -Trading Scandal

    Nutrition company Herbalife (NYSE:HLF) and footwear maker Skechers (NYSE:SKX) revealed on Tuesday that KPMG has resigned as the companies' auditor due to an insider-...

  4. Judge Holding Up SAC Settlement Asking Right Questions

    The most promising aspect of the ongoing legal drama surrounding Steven A. Cohen and his mega SAC Capital Advisors hedge fund isn't that the walls seem to be closing...

  5. Rajaratnam's brother pleads not guilty in insider case

    Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, on Monday pleaded not guilty to insider trading charges.The younger Rajaratna...

  6. Rajaratnam's Brother To Appear In Court On Monday

    Rengan Rajaratnam was arrested by the Federal Bureau of Investigation on Sunday morning and will appear in New York Federal Court on Monday on insider trading charge...

  7. Rajaratnam's brother brought to New York to face charges

    Rengan Rajaratnam was arrested Sunday at John F. Kennedy International Airport in New York after FBI agents escorted him on a flight from Brazil, a spokesman for the...

  8. Raj Rajaratnam's Brother Charged with Insider Trading

    Raj Rajaratnam's younger brother was indicted on charges of conspiring in the insider-trading scheme for which the founder of the Galleon Group hedge fund was convic...

  9. Raj Rajaratnam brother charged with insider trading

    Raj Rajaratnam's younger brother was indicted on charges of conspiring in the insider-trading scheme for which the founder of the Galleon Group hedge fund was convic...

  10. Rengan Rajaratnam Charged With Insider Trading

    Rengan Rajaratnam has been charged with conspiracy and securities fraud for his alleged involvement in insider trading, announced the U.S Attorney's office in the So...

  11. Galleon Group founder's brother charged with insider trading

    The brother of convicted Galleon Group founder Raj Rajaratnam was indicted Thursday on insider trading charges.Prosecutors said Rengan Rajaratnam, 42, allegedly cons...

  12. SAC Capital up 4 percent this year as probe continues

    Hedge fund titan Steven A. Cohen's SAC Capital Advisors has gained about 4 percent this year, beating the industry average at a time the $15 billion fund is still ve...

  1. SEC Can Fund Itself; Why Doesn't It?

    Between hedge fund moguls Steven A. Cohen and Raj Rajaratnam, and banking giants Goldman Sachs (NYSE:GS), Citigroup (NYSE:C) and JPMorgan Chase (NYSE:JPM), the Secur...

  2. Former BlackRock Fund Manager Arrested in Insider Trading Probe

    Asset manager BlackRock said on Tuesday that one of its former employees was arrested in April by City of London police on suspicion of insider dealing.BlackRock did...

  3. Level Global Co-Founder Sentenced

    A federal judge has sentenced a co-founder of hedge fund Level Global Investors to 6 1/2 years in prison for making improper trades based on corporate secrets about ...

  4. Shaw to Plead Guilty in KPMG Insider Case

    A California jewelry-store owner agreed Monday to plead guilty to a criminal charge in the insider-trading scandal that brought down a senior partner at KPMG LLP.Bry...

  5. Ex-fund manager sentenced to prison for insider trading

    Former Diamondback Capital Management portfolio manager Todd Newman was sentenced to 4-1/2 years in prison on Thursday for insider trading in the stock of Dell Inc a...

  6. Nomura Profits Sharply Higher

    Nomura Holdings Inc. (8604.TO) posted a sharp gain in profits, as Japan's stock market rally gave a much-needed lift to the country's largest securities house still ...

  7. Ex-KPMG Exec Charged in Insider Trading Scam

    A federal indictment filed Thursday in Los Angeles accuses former KPMG LLP partner Scott London of passing inside information on clients such as Herbalife (NYSE: HLF...

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