Federal Bureau of Investigation officials arrested a trader from SAC Capital for insider trading on Friday, in the latest push by authorities against the controversial hedge fund.
A trader works on the floor of the New York Stock Exchange May 23, 2012 in New York City. Federal Bureau of Investigation officials Friday arrested a trader from SAC Capital for insider trading, in the latest push by authorities against the controversial hedge fund.
Michael Steinberg, a portfolio manager at SAC affiliate Sigma Capital Management, faces criminal and civil charges of insider trading and securities fraud from the Department of Justice and the Securities and Exchange Commission.
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