A study suggests that some SEC employees engaged in insider trading in companies that became subjects of agency scrutiny, The Washington Post reports.» Read More
U.S. Attorney Preet Bharara says it is rare to hold a corporate entity like SAC Capital accountable for these types of securities fraud charges, reports CNBC's Kate Kelly.
Are some institutions too big to jail? CNBC's Kate Kelly says this unprecedented case is not over yet and this settlement serves as a warning to what potential litigation lies ahead.
April Brooks, FBI special agent-in-charge, says SAC's plea demonstrates that cheating and breaking the law were permitted and allowed to persist. SAC will terminate operations as an investment adviser, Brooks added.
U.S. Attorney Preet Bharara announces the resolution to the SAC plea agreement which does not involve guilt by any individual nor does it provide criminal protection or immunity for any individuals going forward.
CNBC's Kate Kelly reports SAC Capital has pleaded guilty to 5 counts of securities and wire fraud charges, and has agreed to pay $1.8 billion in total penalties.
CNBC's Scott Cohn and Bethany McLean, Vanity Fair contributing editor, discuss the large scope of the SAC investigation.
CNBC's Carl Quintanilla and David Faber speak with and Harvey Pitt, Kalorama Partners CEO, about the SAC agreement to terminate its investment advisory business.
After being cleared of insider trading accusations by the SEC, billionaire Mark Cuban said the case was personal and reiterated that he did nothing wrong.
"This SEC insider trading case was personal," says Dallas Mavericks owner and Chairman of AXS TV Mark Cuban, after being acquitted. "I didn't settle because I did nothing wrong," he adds.
SAC Capital Advisors will close its London office and cut six portfolio management teams in the United States, the hedge fund’s management revealed.
CNBC's Dominic Chu reports SAC Capital will be closing its London office due to the impact of the government's ongoing investigation of alleged insider trading.
CNBC's Kate Kelly reports SAC Capital's Steve Cohen has downsized his own trading book significantly, and the hedge fund is moving closer to a settlement with Justice officials.
Mark Cuban is "glad he can be the person who can afford to stand up to the SEC." Cuban also says the SEC needs to "treat American citizens the way they should be treated," reports CNBC"s Andrea Day.
Prosecutors had accused Cuban of insider trading, alleging he avoided over $750,000 in losses by selling 600,000 shares of a search engine in 2004.
CNBC's Andrea Day reports the jury ruled Mark Cuban did not trade on inside information.
Mark Cuban sparred with a government lawyer Thursday over why the billionaire dumped his shares in a Canadian search-engine company in 2004.
Mark Cuban is expected to testify Thursday in the government's insider trading lawsuit against him.
The former Goldman Sachs trader is seeking a dismissal of SEC charges or a new trial, reports CNBC's Mary Thompson.
Billionaire basketball team owner Mark Cuban is heading to a court of a different kind on Monday.
Mark Cuban is fighting the SEC over a 2008 insider trading charge, reports CNBC's Scott Cohn.