Michael Steinberg, a former fund manager with SAC Capital Advisors LP was sentenced to 3 1/2 years in prison for insider trading, crowning one of the biggest triumphs for prosecutors who invested seven years inspecting the firm and its boss, Steven A. Cohen. In April, the Stamford, Connecticut-based firm changed its name to Point72 Asset Management LP. He was found guilty in December of … [Read more...]
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