Thursday, February 14, 2013

A Former SAC Analyst Just Told The Feds He Was Pressured To Get Inside Information




From BI: Another SAC Capital alum is talking to the feds.  According to the WSJ, former SAC Capital analyst Jon Horvath says he was pressured by his superiors at the firm to get inside information on technology stocks....

Obviously, this isn't going to help SAC Capital's billionaire founder Steve Cohen. At the end of last year he was mentioned as 'Portfolio Manager A' in the insider trading complaint against former SAC Capital portfolio manager Mathew Martoma. In short, that means Cohen's not being accused of anything, but the Feds believe he is close to the matter.....

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