Final Judgment Handed Down Against Former Portfolio Manager (HedgeCo.net) (HedgeCo.Net) A federal district court in New York, New York has entered a final judgment against Richard Lee, a former portfolio manager at S.A.C. Capital Advisors L.P., a former hedge fund management firm that was located in Stamford, Connecticut. The SEC previously charged Lee and another defendant with insider trading in the securities of two technology companies. The SEC filed its action in July 2013, alleging that Lee traded based on nonpublic information he received from sources with connections to insiders at two technology companies. Lee’s trading enabled the S.A.C. Capital hedge fund that he managed to generate more than $1.5 million in illegal profits. Lee also traded in his personal securities account on nonpublic information concerning one of the companies.
"...The U.S. District Court for the Southern District of New York entered a final judgment on consent against Lee. The final judgment enjoins Lee from future violations of the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and orders Lee to pay disgorgement of $130,145, prejudgment interest of $57,777, and a civil penalty of $130,145, for a total of $318,067." That's all there is. That's it. Money is your get of jail (for free) card?