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May 20, 2013 by |

SEC Brings Lawsuit Against SAC


In the complaint, the Securities and Exchange Commission (SEC) settled a lawsuit against two affiliates from S.A.C. Capital Advisor, CR Intrinsic Investors and Sigma Captial, who agreed to pay approximately $614 million for insider trading fraud instead of admitting guilt. The complaint also alleged several investment companies with insider trading fraud filed by the SEC, but they all are willing to settle. Inside trading charges occur when finance advisors illegally obtain information and temper with their client’s profiles to receive gains. This kind of story doesn’t make the news because fraud seldom makes the popularity list for the new media.

Evans Law Firm, Inc. handles FINRA securities arbitrations on behalf of senior victims of securities abuse and fraudulent sales of securities – including variable annuities. For a free and confidential consultation regarding FINRA/NASD Securities Arbitration Cases or other instances of financial elder abuse, contact Evans Law Firm, Inc. at info@evanslaw.com com or call 415-441-8669.

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