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SAC Capital Has Been Indicted By A Federal Grand Jury

Julia La RocheJul 25, 2013, 18:58 IST

REUTERS/Steve MarcusSteve Cohen's SAC Capital Advisors has been indicted by a federal grand jury, Bloomberg News reports.

We'll have more in a moment.

Late last week, the Securities and Exchange Commission civilly charged Cohen with failing to supervise the two hedge fund managers. The SEC's Enforcement Division is also seeking to bar Cohen from overseeing investor funds.