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Sac Faces Capital Fraud Charges

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"[sAC's] relentless pursuit of an information 'edge' fostered a business culture within SAC in which there was no meaningful commitment to ensure that such 'edge' came from legitimate research and not inside information," court filings said.

Zerohedges take..


Perhaps now is a good time to retreat to the hockey rink behind 9 feet of electrified fence, before the TV newsvans arrive at 72 Cummings Point road. As for what happens to the 5-10% of daily NYSE volume traditionally associated with the SAC, we will find out soon enough.

I wonder how much of this goes on in London, and will never be uncovered due to the ineffectual SFO?

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Corzine gets off scot free, but of course was an Obama fundraiser.

Presumably someone hasnt paid their party political bungs.

According to CNBC, SAC was a magnet for market cheaters; SAC hired Richard Lee despite reputation for insider trading, Lee is now cooperating with government.

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  • 245 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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