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Browse: Home / 2014 / October / 06 / US SEC to decide if investors share in $600m SAC settlement

US SEC to decide if investors share in $600m SAC settlement

By Securities Docket on October 6, 2014, 8:33 am

If the SEC rules in their favor, the investors could seek a portion of the $602 million the SEC collected in a settlement from a division of SAC Capital Advisers after former portfolio manager Mathew Martoma was caught trading on secret tips. It would be the SEC’s largest payout ever to insider trading victims. The settlement money would otherwise go to the US Treasury.

via US SEC to decide if investors share in $600m SAC settlement.

Posted in SEC, Top | Tagged Disgorgement, SAC

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