Hedge Fund Snitches Seek SEC Riches

Law360, New York (April 5, 2013, 6:21 PM EDT) -- A recent report suggests most hedge fund industry employees are willing to rat out colleagues to win U.S. Securities and Exchange Commission whistleblower awards, setting the stage for more insider trading cases like the one that ensnared Steven Cohen's SAC Capital Advisors LP.

In an independent survey of hedge fund professionals, 87 percent of respondents said they would report misconduct to the SEC given the large bounties the agency offers for successful tips. The survey was released Tuesday and commissioned by Labaton Sucharow LLP, trade group...
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