SAC Capital answered the Securities and Exchange Commission’s (SEC) Wells Notice about possible insider trading charges against SAC Capital and “they are waiting for the SEC’s response” as to whether or not they will be charged, according to a breaking report from FOX Business Network’s (FBN) Senior Correspondent Charlie Gasparino.
On whether SAC Capital answered the SEC’s Wells Notice:
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“Investors believe, based on their conversations with SAC Capital that there’s going to be a large fine. SAC officials are giving these nervous investors an update on this probe and they’re telling them that they answered the SEC’s Wells Notice – answered, they are waiting for the SEC’s response – and waiting whether or not they are going to be charged, formally.”