Cooperman to CNBC: No allegation of wrongdoing

12:14 PM ET Thu, 26 March 2015

Leon Cooperman and Omega Advisors have sent a letter to its investors saying the firm has been subpoenaed over the trading of certain securities by the SEC and U.S. Attorney's office, reports CNBC's Scott Wapner. Rob Sechan, UBS, weighs in.