The Securities and Exchange Commission reportedly took testimony from SAC Capital Advisors L.P. founder Steven Cohen, as part of an ongoing investigation into possible insider trading by people who were onetime employees.
SAC is among Stamford”™s largest employers, and one of the largest hedge funds in the world.
Bloomberg reported SEC investigators deposed Cohen recently in New York, citing multiple unidentified sources. The SEC and SAC declined comment to Bloomberg.
Federal officials have said they are scrutinizing accounts at multiple hedge funds, including Stamford-based SAC, as part of an ongoing investigation into a network of alleged Wall Street tipsters and beneficiaries. The investigation has thus far resulted in more than 60 plea deals and convictions. Federal officials have not accused Cohen or any other senior managers at SAC of misconduct.
