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...

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...

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