Steven A. Cohen

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End Insider Trading? Might as Well Ban Booze

Countless convictions won't stop the practice: Henry G. Manne

(Newser) - Insider trading is to modern times what bootlegging was to the Prohibition era: Authorities will never be able to stop it, writes Henry G. Manne in the Wall Street Journal . Sure, prosecutors can catch plenty of perpetrators. But "the payoffs are too big and too accessible and the number... More »

Feds Bust Insider Trading Scheme 'Without Precedent'

SAC Capital Advisers insider trading was 'on a scale without known precedent'

(Newser) - Federal prosecutors have slapped SAC Capital Advisors with criminal charges in an alleged insider trading scheme "on a scale without known precedent." The hedge fund has allegedly been making hundreds of millions off of illicit info for a decade, the Wall Street Journal reports. The charges also name... More »

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