Sigma To Pay $14M To Settle Insider Trading Charges

Law360, Los Angeles (March 15, 2013, 4:59 PM EDT) -- Sigma Capital Management LLC, an affiliate of hedge fund SAC Capital Advisors LP, has agreed to pay nearly $14 million to settle charges that it engaged in insider trading when one of its analysts utilized nonpublic information about quarterly earnings for Dell Inc. and Nvidia Corp., the U.S. Securities and Exchange Commission announced Friday.

The announcement comes one week after former Sigma Capital analyst Jon Horvath, who was charged with securities fraud in January 2012, reached a settlement with the SEC that included an admission of...
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