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.
Former SEC Chairman Harvey Pitt offers insight on the civil charges against SAC Capital founder Steven Cohen. "If these charges are proved, he's out of business," he says.
Richard Holwell, Holwell Shuster & Goldberg, the judge who heard the case against the Galleon Group's Raj Rajaratnam, offers his perspective on the administrative case against SAC Capital's Steve Cohen.
Bethany McLean, CNBC contributor, discusses the SEC's charges against SAC Capital Founder Steve Cohen. She thinks a criminal indictment of Cohen is unlikely, but adds many things could change that.
The Securities and Exchange Commission's civil case against SAC Capital founder Steve Cohen is not that strong, two former SEC enforcement attorneys tell CNBC.
Ron Geffner, Sadis and Goldberg, discusses the administrative case the SEC has brought against Steve Cohen of SAC Capital. With Teresa Goody, former SEC official.
A failure to supervise was not the charge Wall Street expected to be brought against SAC Capital's Steve Cohen, reports CNBC's Kate Kelly. It was expected Cohen would be charged with securities fraud. With Jacob Frenkel, Schulman Rogers.
SEC takes administrative action against SAC Capital's Steve Cohen. CNBC's Kayla Tausche has the latest details. Andrew Ross Sorkin weighs in.