Breaking News
sac capital
New Mets owner Steve Cohen pocketed $1.6B in 2020
Mets fans will be pleased to learn that Steve Cohen hit it out of the park last year. The billionaire investor's hedge fund Point72 Asset Management returned double digit gains...
Supreme Court denies insider trading appeal by SAC's Mathew Martoma
The US Supreme Court on Monday rejected an appeal by Mathew Martoma, a former portfolio manager for billionaire Steven A. Cohen, challenging a conviction for insider trading. The Supreme Court...
Steve Cohen could make his return to Wall Street soon
One of the most hotly anticipated Wall Street comebacks could happen as soon as next month. Steve Cohen — the infamous hedge fund mogul whose regulatory ban from managing outside...
SAC trader accused of insider trading claims Bharara got it wrong
Preet Bharara’s credentials as the former “Sheriff of Wall Street” are facing yet another challenge from the old gang at SAC Capital. An ex-trader for billionaire Steve Cohen’s now-defunct hedge...
Conviction upheld in biggest insider-trading case in history
A federal appeals court on Wednesday denied Mathew Martoma’s request to throw out his insider-trading conviction. The decision means Martoma, who engineered the most lucrative single insider-trading scheme ever, will...
A $20B flip-of-the-bird to the SEC
Steve Cohen is plotting a big comeback in 2018, and some of the hedgie’s former clients are itching to invest again. The hedge fund billionaire behind Point72 Asset Management is...
Steve Cohen's former hedge fund settles insider trading suit for $135M
Steve Cohen’s former hedge fund agreed to pay $135 million to shareholders of Elan Corp. to settle claims that the fund’s alleged insider trading caused them to lose money. The...
SEC has a new plan to go after ex-hedge fund boss Steve Cohen
The Securities and Exchange Commission just can’t let go of Michael Steinberg. The regulator said in court papers on Monday that it will try to use the former SAC Capital...
Key insider-trading informant stunned by 21-day jail sentence
A key informant in Manhattan US Attorney Preet Bharara’s far-ranging insider trading probe was sentenced to just 21 days in jail — but he believes even that is too much...
Insider trading charges dropped against SAC's Steinberg
A former top lieutenant of hedge fund mogul Steve Cohen is a free man. Manhattan US Attorney Preet Bharara on Thursday dismissed all charges against Michael Steinberg, who was convicted...
Steve Cohen considers reopening London office
Hedge fund billionaire Steve Cohen is considering a return to London after beating a retreat from the UK in the midst of an insider-trading probe 18 months ago. In November...
Martoma tries new tack to overturn conviction
Mathew Martoma, who is serving nine years in prison for carrying out the most lucrative insider trading scheme in history, said he should be freed after an appeals court tossed...
Wives try to use racketeering law against rich husbands in court
These rich wives have at least one thing in common with John Gotti — they know their RICO laws inside and out. The well-heeled wives are trying to use the...
Is troubled hedgie Steve Cohen getting back in the SAC?
Former hedge-fund kingpin Steve Cohen may eventually be able to manage outside money again, according to a report. A recent appeals court decision that the government says “threatens the effective...
Martoma in prison posture
It doesn’t look like convicted insider trader Mathew Martoma will be home for the holidays. Martoma’s bid to stay out of prison pending his appeal was quickly denied Wednesday by...
Rosemary Martoma wants her half of husband's ill-gotten gains
The wife of former SAC Capital moneyman Mathew Martoma doesn’t think she should have to give up her luxurious lifestyle just because her husband orchestrated the most lucrative insider trading...
SEC delays decision on SAC fund for burned investors
Wall Street watchdogs canceled an internal meeting on Thursday to decide whether to establish an investor fund from the record fine levied against convicted hedge fund SAC Capital. The Securities...
SEC ponders an SAC booty bomb of an investor fund
The Securities and Exchange Commission is meeting behind closed doors Thursday to decide whether to establish an investor fund from the booty it collected from disgraced hedge fund SAC Capital....
SAC’s Martoma sentenced to 9 years, ordered to pay $9.3M
Mathew Martoma, the former SAC Capital manager convicted of the largest-ever insider-trading scheme, was sentenced Monday afternoon to nine years in prison. The sentence was handed down by Manhattan federal...
SEC's civil case against SAC's Cohen may get delayed again
Manhattan US Attorney Preet Bharara has asked the Securities and Exchange Commission to hold off on its decision about former hedge-fund kingpin Steve Cohen for three more months. Bharara asked...