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Citi Fined $30M For Leaking Iphone Info To SAC

Friday, October 4, 2013 - 8:51 AM
Steve Cohen’s SAC Capital Advisors has one of the best investment records on Wall Street — but the more regulators sniff around the Greenwich, Conn., firm, the more it seems they may have had some unfair help.

On Thursday, the top state regulator in Massachusetts announced it fined Citigroup $30 million because Kevin Chang, one of its tech analysts, leaked selective parts of an unpublished and confidential Apple-related research report to some institutional clients.

Among the clients getting the unfair peak? Cohen’s SAC Capital.

Citi fined $30M for leaking iPhone info to SAC | New York Post
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