Despite Indictment, SAC Lives To Trade On

Law360, New York (July 25, 2013, 7:38 PM EDT) -- The insider trading indictment lobbed at SAC Capital Advisors LP on Thursday may give banks pause when considering processing the firm's trades, but experts say it is unlikely that SAC will be shut out of the market unless a criminal conviction forces it to close down.

According to a criminal indictment handed down by a federal grand jury, the investing strategy employed by SAC, the hedge fund complex owned and controlled by Steven A. Cohen, was allegedly based on trading on insider information collected by portfolio managers and research analysts. Given the cloud hanging over the firm, banks that provided the...

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