SEC accuses hedge fund manager Cooperman of insider trading

September 22, 2016 7:52 AM

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WASHINGTON — Federal regulators have accused high-profile hedge fund manager Leon Cooperman and his firm of illegally trading on confidential information he learned from a company executive.

The Securities and Exchange Commission announced the civil insider-trading charges Wednesday against Cooperman and his firm, Omega Advisors. The SEC also alleged that Cooperman tried to cover up the misconduct. Cooperman, 73, who is well known in Wall Street circles and appears frequently on the CNB...

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