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Violation Tracker Individual Record

Company: CR Intrinsic Investors
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Penalty: $601,747,463
Year: 2013
Date: March 15, 2013
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: insider trading
Mega-Scandal: Insider Trading
Violation Description: Stamford, Conn.-based hedge fund advisory firm CR Intrinsic Investors, an affiliate of S.A.C. Capital, agreed to pay more than $600 million to settle SEC charges that it participated in an insider trading scheme involving a clinical trial for an Alzheimer's drug being jointly developed by two pharmaceutical companies.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.