Former U.S. SEC Chairman Arthur Levitt joined Bloomberg Television’s “Surveillance” this morning to discuss yesterday’s SAC guilty plea to securities and wire fraud and the record $1.8 billion penalty and said, if he was running a firm, he would not take Steven Cohen as a customer. Levitt went on to say insider trading is a..
source: Bloomberg Television
DISCLAIMER: Arthur Levitt is the member of the board of Bloomberg LP, parent company of Bloomberg Television
“It’s very pervasive, it is not unique and I believe we will see more of this under the present leadership of this commission and the U.S. attorney.”