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Peter Lattman



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World and Nation

SAC Capital agrees to plead guilty to insider trading

By Peter Lattman and Ben Protess Nov. 5, 2013

SAC Capital Advisors has agreed to plead guilty to insider trading violations and pay a record $1.2 billion penalty, becoming the first large Wall Street firm in a generation to confess to criminal conduct. The move caps a decade-long investigation that turned a once mighty hedge fund into a symbol of financial wrongdoing.

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