Teri Buhl Tells Max Keiser New Details About SEC’s Sham Action Against SAC’s Stevie Cohen

 

By Newswires: Independent investigative reporter Teri Buhl talked to Max Keiser and Stacie Herbert about what she found out about the SEC’s insider trading fine of Stevie Cohen. Ms. Buhl told Keiser that Cohen had told his investors that he knew it looked bad, but not to worry, that he would pay the fine out of his personal wealth. She reported that the SEC fine of $600 million is just 6% of his net worth. The money will go to the US Treasury, not to the investors who were damaged.
The SEC said that he can still be sued. Arrest and prosecution are up to the Justice Department. The SEC action did not name Cohen, instead referring to him as Portfolio Manager A, who it said was the founder of the firm. Max Keiser also gave his inimitable take on it. Have a look (follows 15 second commercial). Source