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SEC Sues SAC's Cohen Over $277M Insider Trading Scheme

By Max Stendahl (July 19, 2013, 2:54 PM EDT) -- The U.S. Securities and Exchange Commission has sued SAC Capital Advisors LP owner Steven A. Cohen for allegedly failing to supervise two senior employees at the hedge fund accused of earning more than $277 million through insider trading, the agency said Friday....

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