SEC Hits Omega Advisors with Insider Trading

Posted on 09/21/2016

The Securities and Exchange Commission (SEC) has charged hedge fund manager Leon G. Cooperman and his firm Omega Advisors L.L.C. with insider trading based on material nonpublic information he learned in confidence from a corporate executive. Cooperman will fight the SEC charges. The SEC believes that the hedge fund made substantial illicit profits by purchasing […]