Friday, July 19, 2013

Billionaire Steven Cohen Accused of Failing to Prevent Insider Trading

July 19 (Bloomberg) -- Billionaire Steve Cohen: Investigation Uncovers Major Criminal Insider Trading Network Steven A. Cohen, the billionaire founder of hedge fund SAC Capital Advisors LP, was accused by U.S. regulators of failing to supervise two employees facing criminal charges that they illegally traded stocks based on confidential information. Su Keenan reports on Bloomberg Television's "Money Moves." (Source: Bloomberg)