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SAC's Cohen Will Not Step Down Amid Insider Trading Probe: Report

 

SAC Capital Founder Steve Cohen will not step down amid insider-trading  probe, according to a new report from Fox Business Network’s Charlie Gasparino.

FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports that SAC Capital founder Steve Cohen will not step down amid the U.S. government’s insider-trading probe. Gasparino also reports that, according to sources, the company’s funds are not being liquidated at this time, but that continued bad press could prompt massive investor exodus.

On whether SAC Capital founder Steve Cohen will step down:

SAC Capital founder Steve Cohen will not step down amid the United State government’s insider-trading probe. Sources tell FOX Business that the company’s funds are not being liquidated at this time, but that continued bad press could prompt massive investor exodus.