SEC charges hedge fund manager Leon Cooperman, Omega Advisers with insider trading

September 21, 2016 3:07 PM

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SEC charges hedge fund manager Leon Cooperman, Omega Advisers with insider trading

SEC alleges Cooperman used insider information about an asset sale to generate illegal profits, sought to cover tracks.

Billionaire Leon Cooperman and Omega Advisors were charged Wednesday with insider trading, the Securities and Exchange Commission announced.

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