SEC v. S.A.C. Capital Advisors, L.P. and affiliated entities (2014)

Settled

✓ Checked against the primary document on October 2, 2026. The library's summary, tags and figures for this record were compared with the regulator's own document by an AI model (Claude) following written instructions, with sampled and disputed records read a second time. No lawyer has reviewed them. A checked record can still contain errors, and checked does not mean endorsed. See how we check records or report a correction.

Report an error in this record (sec-ia-3864-insider-trading-2014) by email

In June 2014 the SEC revoked the investment adviser registration of S.A.C. Capital Advisors, effective December 31, 2015, after affiliated entities pleaded guilty to criminal charges arising from insider trading. The order itself imposes no money.

The record

What was ordered

Civil penalty

—

Disgorgement

—

Prejudgment interest

—

Total relief

—

Alleged gain

—

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

The Securities and Exchange Commission issued the order on June 27, 2014 (administrative proceeding 3-15950, Advisers Act release 3864).

It rests on the criminal plea agreement of four SAC entities, which carries a $900 million criminal fine and an equal civil forfeiture, and on the earlier SEC settlements with CR Intrinsic and Sigma Capital.

The $6.4 million penalty and disgorgement and $51.8 million interest earlier shown are figures from those earlier settlements, recited as background, not amounts ordered here.

For the regulator's own account of the facts, read the primary document linked above. This page deliberately summarises the structured record rather than reproducing the release.

What technique is this, and how does it work?

This action is tagged with one technique in our taxonomy. The tagging is ours: regulators charge statutory provisions, not technique names, so the mapping is an editorial judgement described in our editorial policy.

• Insider trading — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

1. 2014-06-27 Administrative proceeding instituted (findings)

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

• SEC order

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Related actions

Other actions in the library sharing at least one technique tag with this one.

Record added September 10, 2026. submit a correction.