Steven Cohen's Hedge Fund Being Investigated For Insider Trading: Report

The question on the minds of investors, managers and lawyers inside and outside the hedge fund industry today is, who's next?

Of course, no one knows for sure. But court documents and interviews with many industry sources familiar with the case show that agent Kang may be focusing in on Steven A. Cohen and his $12.9 billion SAC Capital Advisors, L.P.

Read the whole story: Reuters

Comments

[US1st2009]

09:58 AM on 12/09/2009

He needs to be tried for financial terrorism against the US.

[dem 01]

05:58 AM on 12/07/2009

"The chosen one" f...up the system AGAIN !

[blueskybigstar]

03:21 PM on 12/06/2009

As much as A-stan is a bad sign. This is a very good sign.

[invest in jobs]

11:41 AM on 12/06/2009

NO more bailouts. No more bonuses. Time to put people to work!

good articles; http://financeopinionss.blogspot.com

[tuberider]

07:01 PM on 12/05/2009

Rule No. 1: There's No big, clean money.

[rad21]

05:02 PM on 12/05/2009

Good Job Agent Kang! May your tribe multiply!

The 30% annual return of Hedge funds was by manipulating the market and siphoning off the savings of ordiary Americans; who were planning and banking on their retirement with it.

[Username 1]

04:54 PM on 12/05/2009

Hey Mr. Super FBI Man:

Why does the FBI ignore the gang stalkers who go around poisoning people?

Is this the USA or Germany in the 1930s?
.

[Philclock]

04:06 PM on 12/05/2009

Who care, pales in compaprison to the billions in "stimulus" payouts to unions, community organizers, "minority" contractors, bankrupt companies that should be allowed to fail, and other assorted cronies.

[zombywulf]

12:29 PM on 12/05/2009

Turn him loose on all of those wall street crooks.

[comicpro]

11:27 AM on 12/05/2009

30% returns even when the market was down? Sounds like Madoff like similarities. These guys are all in bed together and there are just too many reasons like the aforementioned returns that just make no sense. Good luck agent Kang. I just want to see a little evening of the playing field when it comes to investing and who reaps the benefit of those illicit gains.

[dadw5boys]

11:21 AM on 12/05/2009

Call your Congressman an demand the Media not interfer with this man and his investigations.

If the Media is out there watching his every move he can not get the information he needs and criminals will slip away.

Is Ruters afraid they will be caught up in the crimes with the False storys they run to jack up stock prices for the wealthy ????

[lemondade]

09:40 AM on 12/05/2009

WE WERE TAUGHT BUSINESS ETHICS IN HIGH SCHOOL. THEN, WE GREW UP AND REALIZED THAT THERE ARE NO ETHICS IN THE REAL WORLD. AGENT KANG IS OUT THERE FIGHTING FOR ETHICS EVERY DAY, BUT HOW MANY ON HIS TEAM ARE DOING THE SAME?

[dadw5boys]

11:15 AM on 12/05/2009

Looks like the Media is interfering with his investigation !!!!!

[StJames]

11:22 AM on 12/05/2009

Of course it is...that is the whole purpose of the media...Liberal my a$$

[Intelligentia]

08:58 AM on 12/05/2009

Diversity is a beautiful thing!

[StJames]

08:45 AM on 12/05/2009

He's in the wrong agency...he needs to head of the SEC perhaps. Ya gotta love this guy Kang.

[enoughofrr]

09:27 AM on 12/05/2009

If he was head of the SEC, he couldn't investigate and arrest.

[StJames]

10:04 AM on 12/05/2009

But he could initiate investigations and enforce regulations...The problem at the SEC was that even when told of abuses, they did nothing to enforce the existing rules.

[dadw5boys]

11:16 AM on 12/05/2009

The SEC gives him the infomation .

[janeycat]

02:50 AM on 12/05/2009

Go get them ALL Agent Kang ....

[dadw5boys]

11:17 AM on 12/05/2009

amen.