STAMFORD, Conn. -- The giant Wall Street hedge fund SAC Capital Advisors, based in Stamford and run by Greenwich's Steve Cohen, has agreed to plead guilty to insider trading and will pay a $1.8 billion penalty, according to The Los Angeles Times.
Stamford-based SAC Capital Advisors, owned by Greenwich resident Steve Cohen, will plead guilty to insider trading charges.
Photo Credit: ContributedThe penalty would reportedly be the largest ever in an insider trading case.
The Times also reported that Cohen was not the target of the Security and Exchanges Commission investigation, only the company was.
Click here to read the full "Los Angeles Times" article.
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