SEC's White Says $600M SAC Insider Trading Deal Was Fair

Law360, New York (November 12, 2013, 3:08 PM EST) -- U.S. Securities and Exchange Commission Chairman Mary Jo White said Tuesday that SAC Capital Advisors LP was “absolutely treated fairly” by the agency in a $600 million insider trading settlement earlier this year.

White defended the March 15 settlement — the largest insider trading pact in the SEC’s history — during a one-on-one interview with Bloomberg TV at the Securities Industry and Financial Markets Association’s annual meeting in Manhattan. The settlement initially came under scrutiny because SAC was not required to admit wrongdoing despite the size...
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