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People Who Money On Those Stocks Mathew Martoma Corrupted May Get It Back

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Courtesy of Big Steve and your friends at SAC Capital Advisors Point72 Asset Management, via the SEC and the federal courts.

The U.S. Securities and Exchange Commission wants to make its $602 million settlement with SAC Capital Advisors hedge fund available to people who say they are victims of illicit trading by a former SAC portfolio manager….

U.S. District Judge Victor Marrero, who is presiding over the SEC's case, must still approve the SEC's recommendation. After that, the parties will have to decide how to handle the distribution of the funds.

U.S. SEC wants to distribute $602 mln SAC settlement to victims [Reuters]


By Federal Bureau of Prisons ( [Public domain], via Wikimedia Commons

Mathew Martoma Isn’t Getting Out Of Jail

In trying, though, he did get the definition of insider-trading broadened again. So there’s that.

Mathew Martoma Got a Lot of E-Mails

So his lawyer gets 90 more days to read them.