U.S. charges ex-SAC manager in $276 million insider scheme

Comments (3)
puzzled wrote:

I fail to understand how SAC continues to be business and how its investors continue to stomach at least the sixth portfolio manager at SAC that has been implicated i an insider trading scheme. I also cant imagine how Mr. Cohen has not been charged when a trade that generated $82 mm in profits and avoided a $190+ mm must have ben vetted by him and gotten his approval for commencement. Even for SAC this is a very considerable trade. Either we have a series of coincidences occurring at SAC among its brazen portfolio managers, or is time to realize that there is a pervasive and complicit culture there (which must come from the very top) that encourages winning at any cost. I cant even imagine the enormity of the case that the government must be building against Cohen.

Nov 21, 2012 12:08am EST  --  Report as abuse
puzzled wrote:

I fail to understand how SAC continues to be business and how its investors continue to stomach at least the sixth portfolio manager at SAC that has been implicated i an insider trading scheme. I also cant imagine how Mr. Cohen has not been charged when a trade that generated $82 mm in profits and avoided a $190+ mm must have ben vetted by him and gotten his approval for commencement. Even for SAC this is a very considerable trade. Either we have a series of coincidences occurring at SAC among its brazen portfolio managers, or is time to realize that there is a pervasive and complicit culture there (which must come from the very top) that encourages winning at any cost. I cant even imagine the enormity of the case that the government must be building against Cohen.

Nov 21, 2012 12:08am EST  --  Report as abuse
Montpessat wrote:

Bandits at the top will always be screwing the regular investor and coning huge profits off them with insider information. Anyone can make a profit with insider information without having to give the impression of genius with a PowerPoint presentation. Confidence in the market continues its downward spiral.

Nov 21, 2012 3:54am EST  --  Report as abuse
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