Cohen's SAC Capital Faces SEC Probe Related to Biotech Trading
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Steven Cohen's SAC Capital hedge fund faces a SEC probe on whether it used insider information to profit from the 2007 takeover of biotechnology firm MedImmune Inc., according to reports from the Wall Street Journal.
The probe is part of a broader inquiry into hedge fund trading in some of the largest health-care deals of the past decade, the Journal said.
The probe is part of a broader inquiry into hedge fund trading in some of the largest health-care deals of the past decade, the Journal said.
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