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SEC sues ex-Santander executive, ex-Spanish judge for insider trading

NEW YORK (Reuters) - The U.S. Securities and Exchange Commission has charged a former Banco Santander SA executive and a former Spanish judge with insider trading over a proposed takeover of Potash Corp of Saskatchewan Inc on which the Spanish bank had given investment banking advice. Full story

SAC pleads not guilty to all charges

   CNBC's Kayla Tausche reports that SAC has pleaded not guilty to all 5 charges, including insider trading and wire fraud. SAC will next appear in court on September 24th. Steve Cohen did not appear in court today.

Column: The folly of trying to level the investment playing field

By Bethany McLean (Reuters) - The government is cracking down on insider trading; isn't that great news for you? Last Friday, the Securities and Exchange Commission charged hedge fund mogul Steve Cohen with failing to supervise two employees who themselves face insider trading charges; on Thursday m Full story

SAC pleads not guilty

   CNBC's Kayla Tausche reports that SAC has pleaded not guilty to all 5 charges, including insider trading and wire fraud. The not guilty plea allows the firm to keep operating.

SAC Capital goes to court

   Lawyers for SAC Capital will appear in court today to respond to the SEC's allegations that insider trading was rampant at Steve Cohen's firm. The U.S. Attorney's office says they're not intending to shut down the firm. Bryan Burrough, Vanity Fair Maga...

Bharara: 'SAC case involved rampant insider trading'

   CNBC's Bertha Coombs breaks down U.S attorney Preet Bharara's indictments against SAC Capital. "Scope of SAC insider trading was both deep and wide" says Bharara.

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Articles

U.S. charges SAC Capital with insider trading crimes

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Lawyer's record 12-year prison term for insider trading is upheld

SAC's Cohen seen avoiding criminal charges by July deadline: WSJ

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Appeals court won't reverse three insider trading cases

Video

  SAC Indictment: Insider trading pervasive

CNBC's Bertha Coombs reports on the indictment against SAC Capital. The U.S. government says insider trading was "pervasive" at the firm. Anthony Scaramucci, Skybridge Capital, who's also a friend of SAC founder Steve Cohen, responds. The Fast Money tr...

  SEC: SAC’s insider trading was ‘substantial’

CNBC’s Kayla Tausche reports the latest on today’s inducement against SAC Capital. “Insider trading was substantial and pervasive,” according to the government.

  SEC: SAC hired based on inside contacts

CNBC's Kayla Tausche reportson today's indictment against SAC Capital, which includes charges of pervasive insider trading and wire fraud. The government says the company's illegal profits came at the expense of the investing public.

  Indictment: SAC set up to encourage insider trading

Bethany McLean, CNBC Contributor, says the U.S. indictment of SAC implies this was a company where compliance was there in name, but not practice. If you believe what the indictment says, this was a place set up to encourage insider trading, she adds.

  SAC fires back at SEC

SAC Capital sends out a 45-page rebuttal to the charges from the SEC, reports CNBC's Kate Kelly. The firm has gone to great lengths to deter insider trading, according to the letter.

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Related Photos

Longoria departs Manhattan Federal court after a sentencing hearing regarding his pleading guilty of insider trading in New York
Longoria departs Manhattan Federal court after a sentencing hearing regarding his pleading guilty of insider trading in New York

Mark Anthony Longoria departs Manhattan Federal court with his lawyer after a sentencing hearing regarding his pleading guilty of insider trading in New York July 1, 2013. REUTERS/Lucas Jackson (UNITED STATES - Tags: CRIME LAW BUSINESS)

Shimoon, a former Flextronics International Ltd. executive, departs Manhattan Federal court after a sentencing hearing for insider trading, in New York
Shimoon, a former Flextronics International Ltd. executive, departs Manhattan Federal court after a sentencing hearing for insider trading, in New York

Walter Shimoon, a former Flextronics International Ltd. executive, departs Manhattan Federal court after a sentencing hearing for insider trading, in New York July 1, 2013. REUTERS/Lucas Jackson (UNITED STATES - Tags: CRIME LAW BUSINESS)

Shimoon, a former Flextronics International Ltd. executive, departs Manhattan Federal court a sentencing hearing for insider trading in New York
Shimoon, a former Flextronics International Ltd. executive, departs Manhattan Federal court a sentencing hearing for insider trading in New York

Walter Shimoon , a former Flextronics International Ltd. executive, departs Manhattan Federal court with his lawyer after a sentencing hearing for insider trading in New York July 1, 2013. REUTERS/Lucas Jackson (UNITED STATES - Tags: CRIME LAW BUSINESS)