Prosecutors Sought Testimony From Top SAC Executives, WSJ Reports

Thursday, 23 May 2013 01:55 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

U.S. prosecutors are seeking testimony from three senior executives of the $15 billion hedge fund SAC Capital Advisors, the Wall Street Journal reported on Thursday.

The U.S. Attorney's office for the Southern District of New York issued subpoenas to SAC's president, chief compliance officer and head of trading, according to the Journal's report.

Others at SAC, including the firm's founder Steven A. Cohen, were asked last week to testify before a grand as part of the U.S. government's insider trading probe of the hedge fund, Reuters has previously reported.

The three who received the subpoenas are Thomas Conheeney, SAC's president, Steven Kessler, the chief compliance officer and Phillipp Villhauer, the head of trading, the Wall Street Journal reported.

An SAC spokesman declined to comment on the report.

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 

You May Also Like
Around the Web

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved