The Norman Transcript

Nation/World

March 16, 2013

Fund pays $600M, settles insider trading charges

(Continued)

NORMAN —

The cases stem from a long-running probe of insider trading by hedge funds, many of which are affiliated with S.A.C. Capital.

CR Intrinsic was an affiliate of S.A.C. A separate S.A.C. affiliate fund allegedly benefited from Sigma’s actions.

S.A.C. said in a statement Friday that it is happy to put these matters with the SEC behind it.

“This settlement is a substantial step toward resolving all outstanding regulatory matters and allows the firm to move forward with confidence,” the company. “We are committed to continuing to maintain a first-rate compliance effort woven into the fabric of the firm.”

————

Daniel Wagner in Washington contributed to this report.

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