The SEC Will Take Down SAC Capital

Discussion in 'Wall St. News' started by OnClose, Nov 30, 2012.

  1. OnClose

    OnClose

  2. Chausey

    Chausey

    Ignorant article. He jumps to the conclusion that because SAC made so much money that it's inevitable Obama wants to take him down. Because he created a "toxic" environment which is B.S. The SEC will fine him and that's it. Steve Cohen has been around a long time and knows how to play the game of campaign contributions, not just to presidential candidates.
    The only way he would go down is if he made a lot of money from a larger player that has larger connections. He more likely will go down because he runs out of inside trades to work over, same as all other hedge fund busts.
     
  3. Interesting comment. So no hedge funds are successful unless they do insider trading ?
     
  4. Nope. Only all the successful guys on EliteTrader can make money without insider trading.
     
  5. Actually to paraphrase his comment you'd have to say, "No hedge funds that go bust aren't doing insider trading that runs out."
     
  6. hughb

    hughb

    An op-ed piece in the weekend edition of the WSJ by Holman Jenkins says that Cohen was a tape reader in the 80's and 90's before he started trading on company fundamental information. Can anybody back that up? I've never studied Cohen, about the only things you ever hear about him is different regulators coming after him for this and that.
     
  7. hughb

    hughb