Skip to main content


July 26, 2013

SAC Case Threatens a Wall St. Cash Cow

Wall Street now has to contemplate life without SAC Capital Advisors, the hedge fund that manages billions of dollars.

In a rare and aggressive action, federal authorities on Thursday indicted the fund on criminal charges. And in doing so, the government may have threatened the life of a big golden goose for Wall Street.

SAC Capital, led by Steven A. Cohen, has been a prodigious, unruly force in the market for years.

Its whirlwind trading style has helped move stock prices. And the fund consistently pays millions of dollars in commissions and fees to prominent investment banks that handle its trading.

Banks received $9.3 billion from clients in stock trading commissions in the 12 months through the first quarter of this year, according to a study by Greenwich Associates. Brokers said that SAC Capital was one of the largest commission generators for Wall Street.”


Read full New York Times article here

In the News


For media inquiries, please contact us at or 202-618-6433.

Contact Us

For media inquiries, please contact or 202-618-6433.

To sign up for our email newsletter, please visit this page.

This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

"* (Required)" indicates required fields

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact or 202-618-6433.


Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today