Market Overview

SAC Responds, Says 'Takes Responsibility for Handful of Wrongdoers'

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“We take responsibility for the handful of men who pleaded guilty and whose conduct gave rise to SAC's liability. The tiny fraction of wrongdoers does not represent the 3,000 honest men and women who have worked at the firm during the past 21 years. SAC has never encouraged, promoted or tolerated insider trading.”

Posted-In: News Hedge Funds General

 

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