SAC To Pay $1.8 Billion Fine

posted in: SEC Examinations | 0

SAC Capital Advisors, once among the world’s most successful hedge funds, has agreed to close its doors to outside investors and pay a record-setting $1.8 billion to settle charges that it engaged in inside trading as far back as 1999.

Bet they wished they used U.S. Compliance Consultants to manage their compliance program.