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...