Amid market turmoil, hedge funds posted their lowest annual returns in 2015 in four years, according to new data.» Read More
Andrew Stoltmann, of Stoltmann Law Offices; and Michael Bachner, of Bachner and Associates, discuss what is next for SAC Capital.
CNBC's Kayla Tausche has the latest developments in the SAC indictment. SAC Capital says they "never encouraged, promoted, or tolerated insider trading."
Steven A. Cohen's SAC Capital is hit with criminal charges, but the hedge fund manager isn't named as a defendant.
CNBC's Bertha Coombs has the latest on charges against Steven Cohen's SAC Capital.
Scott Cohn and Robert Frank of CNBC; Bethany McLean of Vanity Fair; and Jake Zamansky of Zamansky and Associates, weigh in on charges against SAC Capital.
CNBC's Bertha Coombs breaks down U.S attorney Preet Bharara's indictments against SAC Capital. "Scope of SAC insider trading was both deep and wide" says Bharara.
Discussing U.S. Attorney Preet Bharara's comments on "money laundering," and the details of the charges to SAC Capital, with CNBC's Scott Cohn and Ron Insana.
U.S. Attorney Preet Bharara takes questions on the charges against SAC Capital.
Southern District of NY's U.S. Attorney Preet Bharara addresses the charges to SAC Capital, and why its entities are also being charged. "The scope of illegal trading was deep and it was wide, spanning more than a decade in time," he says. New York FBI Field Office's George Venizelos also speaks.
CNBC's Ron Insana offers insight on the culture at SAC, and what ripple effects the charges to the hedge fund might have on the markets. CNBC's Bob Pisani, Scott Cohn and Bertha Coombs, weigh in.
Indictment document for USA v. S.A.C. Capital Advisors
Bethany McLean, CNBC Contributor, says the U.S. indictment of SAC implies this was a company where compliance was there in name, but not practice. If you believe what the indictment says, this was a place set up to encourage insider trading, she adds.
CNBC's Becky Quick reports that criminal charges are expected to be filed today against SAC Capital. Founder Steven Cohen is not expected to be charged.
Federal authorities are getting ready to announce a criminal indictment of SAC Capital Advisors. Is this the proper thing to do? Former Federal Prosecutors Thomas Curran, and Mitch Epner, weigh in. Epner says, "this is Captain Ahab and Moby Dick."
As of today, SAC Capital has $14.2 billion under management and it continues to invest it, reports CNBC's Kayla Tausche; and former SEC Chairman Harvey Pitt thinks "even if Steve Cohen wins the case, the damage has already been done to the firm."
SAC management is trying reassure the staff the firm will operate normally, reports CNBC's Kate Kelly. The stock is up about 10 percent through mid-July.
CNBC's Kayla Tausche reports that SAC Capital is likely to face criminal charges. The company stopped cooperating with Federal investigators in late May.
Jacob Frenkel, Schulman Rogers, discusses what criminal charges are likely to be brought against SAC Capital.
CNBC's Kayla Tausche looks at SAC Capital and Steve Cohen's response to the SEC charges.
SAC Capital sends out a 45-page rebuttal to the charges from the SEC, reports CNBC's Kate Kelly. The firm has gone to great lengths to deter insider trading, according to the letter.