SAC Capital Investigation Broadens
Tweet
Share
E-mailGet Alerts ITMN Hot Sheet
Join SI Premium – FREE
Hedge fund SAC Capital, run by Steven Cohen, made headlines again today, as Bloomberg reported regulators have broadened the insider trading investigation into possible illegal trading of InterMune (Nasdaq: ITMN) and Weight Watchers (NYSE: WTW).
In November, SAC came under scrutiny for insider trading involving shares of Elan (NYSE: ELN) and Wyeth LLC. The allegations claim a trader at the firm received tips from a doctor with nonpublic information that resulted in million profits. Now, it seems the investigation has broadened to include ITMN and WTW. While the SEC investigation is still ongoing, SAC trading results may point to foul play, with huge profit windfalls seen in both stocks.
In November, SAC came under scrutiny for insider trading involving shares of Elan (NYSE: ELN) and Wyeth LLC. The allegations claim a trader at the firm received tips from a doctor with nonpublic information that resulted in million profits. Now, it seems the investigation has broadened to include ITMN and WTW. While the SEC investigation is still ongoing, SAC trading results may point to foul play, with huge profit windfalls seen in both stocks.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Mobix Labs added to Russell Microcap Index effective June 29
- Ares Acquisition Corporation III raises $395M in NYSE IPO
- Williams adds two independent directors to its board, effective July 2026
Create E-mail Alert Related Categories
Hedge Funds, Insiders' BlogRelated Entities
SAC Capital, Steven A. Cohen, Hedge FundsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
