SAC Gets Final Approval For $600 Million Settlement With SEC

A U.S. judge granted final approval to a $602 million (£355 million) insider trading accord between a unit of billionaire Steven A Cohen’s SAC Capital Advisors LP and the U.S. Securities and Exchange Commission.

This means the former SAC Capital Advisors’ insider-trading settlements can at last be considered final.

Judge’s concern last year for SAC Capital’s settlement

In March 2013, it was reported SAC Capital’s over $600 million agreement with the SEC to settle the insider trading allegations of the agency may not obtain the approval of Manhattan Federal Judge, Victor Marrero.

The judge reportedly questioned the controversial...