Reuters: Money News: U.S. to put SAC hedge fund out of business over insider trading

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U.S. to put SAC hedge fund out of business over insider trading Nov 5th 2013, 02:43 NEW YORK (Reuters) - Steven A. Cohen faces an abrupt end to his career as one of the world's most successful traders after his SAC Capital Advisors became the largest Wall Street firm in years to agree to plead guilty to criminal charges of insider trading, and pay $1.2 billion in fines.

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