SAC and the Biggest SEC Fine to Date

Stock and Bond Fraud, including Boiler Rooms / Pump and Dump Schemes, Mutual Fund & Hedge Fund Fraud, FOREX scams, plus Churning, Private Placements, Venture and Bridge Funding, IPOs, Viaticals Fraud, HYIP and Prime Bank scams, MTNs, Historical Notes, Recovery Schemes, etc. Includes the Jim Norman Project and the Michael Dotson Project and similar HYIP scams.
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Number Six
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SAC and the Biggest SEC Fine to Date

Postby Number Six » Sun Mar 17, 2013 12:45 am

SAC has agreed to paying the largest fine to date, $616 million: http://dealbook.nytimes.com/2013/03/15/ ... 6-million/

It remains to be seen whether the insiders in this case will be doing any jail time.
'There are two kinds of injustice: the first is found in those who do an injury, the second in those who fail to protect another from injury when they can.' (Roman. Cicero, De Off. I. vii)

'Choose loss rather than shameful gains.' (Chilon Fr. 10. Diels)

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