Pequot Capital and Art Samberg pay $28 million to settle Insider Trading Charges with SEC

Pequot Capital Management and its CEO Art Samberg have reached a settlement agreement with the Securities and Exchange Commission. Pequot Capital Management and Samberg settled without admitting or denying the insider trading allegations that had been made against them. The insider trading charges that were levied against the once renowned hedge fund manager have led the firm to wind down its...