After months of being “buffeted” by bad news of SAC Capital employees charged with insider trading, the firm’s founder, Steve Cohen, is trying to flip the script a bit. Cohen authored a letter to SAC investors insisting that the insider trading allegations are unacceptable to the firm and laying out several “zero tolerance” compliance-related steps that the firm will take.
via SAC’s Cohen Pledges ‘Zero Tolerance’ for Insider Trading, Rolls Out Clawbacks – Compliance Week
