You said nearly every trade, Moron. You know how many trades they made in a day? They generated the most commissions on the street and it wasn’t even close.
Yet the trial showed nearly every employee of the firm was involved in illegally obtaining and using insider information which accounted for the vast majority of SAC’s illicit profits.
How to win: get ahead with insider trading and diversify profits into quant strategies in perma bull market.
HelloSunTrader, Steve Cohen is my hero. I love this guy. He made millions day trading. He is the best day trader in the world.
It's not nonsense, it's a straight-up recitation of the facts. DOJ Charging Documents https://www.justice.gov/sites/default/files/usao-sdny/legacy/2015/03/25/SAC Capital Complaint - 13 Civ 5182_1.pdf SAC Guilty plea -- Department of Justice https://www.justice.gov/sites/default/files/usao-sdny/legacy/2015/03/25/U.S. v. SAC Capital Advisors LLP, et al. Cover Ltr, Plea Agt, and Stip_1.pdf American University Business Law Review summary https://digitalcommons.wcl.american.edu/cgi/viewcontent.cgi?article=1071&context=aublr In summary - "In November 2013, hedge fund giant SAC Capital agreed to plead guilty to what prosecutors called “insider trading that was substantial, pervasive, and on a scale without precedent in the history of hedge funds.”"
Hello gwb-trading, It does not matter how Steve Cohen got rich day trading rather legally or illegally, he hustle and GOT RICH day trading. That is all that matters. Who cares he got rich day trading because he broke the Law??
I do. Not only that, but if you are admitting that you don't think the laws should apply to you then I think YOU should be barred from trading. Publicly announcing that you will lie, cheat and steal at the first opportunity should get you kicked out.