SAC Capital Pleads Guilty in Criminal Insider Trading Case, Will Pay $1.2 Billion in Penalties – Compliance Week

This afternoon, Preet Bharara, U.S. Attorney for the Southern District of New York, announced a settlement of his office’s criminal insider trading case against SAC Capital Advisors LP. According to Bharara, the $1.8 billion in total penalties that will be paid by SAC is believed to be the largest financial penalty in history for insider trading.

via SAC Capital Pleads Guilty in Criminal Insider Trading Case, Will Pay $1.2 Billion in Penalties – Compliance Week