SAC's Cohen Denied Access To SEC Insider Trading File

Law360, New York (August 8, 2013, 6:58 PM EDT) -- SAC Capital Advisors LP owner Steven Cohen cannot force the U.S. Securities and Exchange Commission to hand over a massive investigative file in its insider trading case while several criminal cases are pending, an SEC judge ruled Thursday, dealing a blow to the embattled hedge fund boss.

SEC Chief Administrative Law Judge Brenda P. Murray granted a motion by federal prosecutors to intervene in the case and to stay it while three separate criminal matters are pending: The indictment of SAC, and charges against two former...
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