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SAC Said to Tell Clients It Received a Wells Notice From SEC

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Wed, 28 Nov 12 6:21 PM | 37 view(s)
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SAC Said to Tell Clients It Received a Wells Notice From SEC
By Katherine Burton - Nov 28, 2012 8:52 AM ET

SAC Capital Advisors LP, the $14 billion hedge fund run by Steven Cohen, told clients on a conference call today that it received a Wells Notice from the U.S. Securities and Exchange Commission, according to a person who listened to the call.

The person asked not to be named because the fund is private.

To contact the reporter on this story: Katherine Burton in New York at kburton@bloomberg.net

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