• 25 Jul 2013 at 2:47 PM

SAC Capital: Nothing To See Here

Sayeth SAC:

“SAC has never encouraged, promoted or tolerated insider trading and takes its compliance and management obligations seriously. The handful of men who admit they broke the law does not reflect the honesty, integrity and character of the thousands of men and women who have worked at SAC over the past 21 years. SAC will continue to operate as we work through these matters.”

Earlier: U.S. v. S.A.C. Capital Advisors, L.P., et al.

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Comments (4)

  1. Posted by Im_a_Dude | July 25, 2013 at 3:23 PM

    did you see how many people Preet introduced and thanked? almost like the Oscars.
    I guess its only right to let everyone capitalize on this and try and get offers in the private market after they claim to have been part of taking down the big man.

  2. Posted by Maestro | July 25, 2013 at 5:11 PM

    "With notable rare exceptions, everyone at SAC Capital is honest, hasn't been caught red-handed for insider trading and breaking the law"

  3. Posted by culturalovertime | July 25, 2013 at 5:19 PM

    Ladies and gentlemen, I'll be brief. The issue here is not whether we broke a few rules, or took a few liberties with our paid experts – we did. But you can't hold a whole hedge fund responsible for the behavior of a few, sick twisted individuals. For if you do, then shouldn't we blame the whole alternative investment system? And if the whole alternative investment system is guilty, then isn't this an indictment of our financial institutions in general? I put it to you – isn't this an indictment of our entire American society? Well, you can do whatever you want to SAC, but I'm not going to sit here and listen to you badmouth the United States of America!

  4. Posted by J. Bohrer | July 25, 2013 at 9:38 PM

    Kessler (CCO): Well, there's only one thing to do!
    Stevie: What's that?!
    Kessler: Road trip!