U.S. Prosecutors Sought Testimony From Four Senior SAC Executives

U.S. federal prosecutors issued subpoenas last week to four senior executives of SAC Capital Advisors.

The four senior executives of the hedge fund received subpoenas to testify before a grand jury as part of the government’s efforts to intensify investigations into insider trading at the firm.

The U.S. Attorney’s office for the Southern District of New York issued subpoenas to President Thomas Conheeney, Chief Operating Officer Solomon Kumin, Chief Compliance Officer Steven Kessler and SAC’s head of trading Phillipp Villhauer.

Steve Cohen Of SAC Capital Was Asked To Testify

SAC Capital Advisors’...