SEC Charges Steven A. Cohen For Failing to Supervise Portfolio Managers and Prevent Insider Trading
- Wall St edges lower as rising yields overshadow upbeat corporate results
- Tesla touts acceleration of new models, but Q1 results fall short of estimates
- Boeing reports first revenue drop in 7 quarters as deliveries decline
- Oil settles lower as U.S. business activity cools, concerns over Middle East ease
- Yen on the brink, but Tesla pulls back
- Fisker (FSR) Appoints Michael Healy as Chief Restructuring Officer
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Hasbro (HAS) brand strength sees earnings top expectations
- China acquired top-end Nvidia AI chips despite recent US ban- Reuters
- Wolfe Research Downgrades Warner Brothers Discovery (WBD) to Underperform, 'out of concern that an incipient advertising downturn put guidance at risk'
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
- Midday movers: Tesla, Li Auto and CNH Industrial fall; Salesforce rises
Top SAC Capital Holdings on Watch as SEC Charges Cohen
July 19, 2013 2:24 PM EDTSome of Steve Cohen's top picks are on watch as the SEC brings down the hammer on the hedge fund titan.
The SEC is looking to bar Cohen from handling money in individual accounts. Currently, the most recent value of SAC's holdings, through the first-quarter of 2013, was $20.7 billion. Most of SAC's funds are Cohen's own, with headlines that the firm... More