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What’s Happening on Wall Street: SAC’s Legal Trouble


If you have been following the news on Wall Street, you may know about the ongoing criminal case against SAC Capital Advisors, which has been indicted for a Criminal Securities Fraud. Let’s take a closer look at just what’s happening with SAC’s hedge fund investor relations and what that means for accredited investors. Suspicion About SAC It started with some suspicious hedge fund investor relations. With hedge funds that deal in equities, there is often a promise of “edge” – the incalculable advantage that an investor has – in exchange for high fees, such as those charged by SAC. On July 25th, several American federal agencies, suspecting untrustworthy behavior, backed a criminal case against SAC Capital, a well-known hedge fund behemoth on Wall Street. The reason for the case: insider trading. Insider trading, an illegal practice, involves trading on the market to the advantage of the individual trader – a ... Read More »

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