SAC Capital settlement largest ever for insider trading
1,097 views · Published 5 November 2013 · 1:17 · Indexed 8 November 2026
Channel: CBS Evening News · 2013 · News & Politics
Hedge fund SAC Capital agreed to pay a hefty $1.8 billion fine and plead guilty to criminal fraud charges. It's the first major Wall Street firm to admit criminal conduct since the late 1980s, evidence of a tougher stance by the Justice Department and SEC. Anthony Mason reports.
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