• 30 Mar 2011 at 9:22 AM

SAC Capital: Nobody Frontruns Steve!

By Bess Levin

(And those who do will pay…a charity of their choosing.)

“A few days ago SAC compliance sent a new rule regarding trading in personal accounts for discretionary traders. Any trade with market value more than 50k in the name which is traded by Steve during next 2 days is subject to ‘charity tax.’ If Steve’s fill price is worse than yours the difference is donated to charity. Genius!”

Comments (12)

  1. 1
    Posted by CT | March 30, 2011 at 1:48 PM

    SC: We have a problem. There’s a memo, here, from accounting telling me there’s no such thing as the Human Fund.Frontrunner: Well, there could be.SC: But there isn’t.

  2. 2
    Posted by Homosaurus | March 30, 2011 at 1:57 PM

    I tried to front run Stevie once at a buffet. Now I’m a one armed freak.

  3. 3
    Posted by irene | March 30, 2011 at 2:16 PM

    SC jabbed me with his fork at L’ Escale. Alex just laughed.

  4. 4
    Posted by GuySpurnedByBessinAdirondacks | March 30, 2011 at 2:23 PM

    Well now we know how he became a gazillionaire

  5. 5
    Posted by Guest | March 30, 2011 at 2:30 PM

    SAC: Get me a list of anybody who’s got a gain on a stock they bought in the last 2 days.

    Compliance: Why?

    SAC: I want to fuck with them a bit.

  6. 6
    Posted by Guest | March 30, 2011 at 2:31 PM

    by making employees pay money to someone other than him?

  7. 7
    Posted by Guest | March 30, 2011 at 2:31 PM

    by making employees pay money to someone other than him?

  8. 8
    Posted by Guest | March 30, 2011 at 2:31 PM

    by making employees pay money to someone other than him?

  9. 9
    Posted by Guest | March 30, 2011 at 3:37 PM

    How do you hold your cup?

  10. 10
    Posted by ASS CLOWN HATER | March 30, 2011 at 5:32 PM

    FUCKASSCLOWNFUCKASSCLOWNFUCKASSCLOWNFUCKASSCLOWNFUCKASSCLOWNFUCKASSCLOWNFUCKASSCLOWNFUCKASSCLOWNFUCKASSCLOWNFUCKASSCLO

  11. 11
    Posted by Raj | March 30, 2011 at 6:42 PM

    I have just registered my defense fund as a 501(c)3

  12. 12
    Posted by Raj | March 30, 2011 at 6:42 PM

    I have just registered my defense fund as a 501(c)3

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