Friday, May 24, 2013

Three Top SAC Executives Receive Subpoenas


The Wall Street Journal is reporting that three senior SAC Capital executives received subpoenas as part of the insider trading investigation of the hedge fund.

Those who received subpoenas were Thomas Conheeney, SAC's president; Steven Kessler, the chief compliance officer; and Phillipp Villhauer, the head of trading, unnamed sources told the Journal.
They are all viewed as part of Steve Cohen's inner circle, the report said. They have not been accused or charged with any wrongdoing…. 

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