SEC Charges Omega's Leon Cooperman With Insider Trading

September 21, 2016 3:12 PM

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Famed investor Leon Cooperman was accused of insider trading by U.S. regulators in the government’s biggest case against a hedge fund manager since its crackdown on SAC Capital Advisors.

The Securities and Exchange Commission said Cooperman used his status as one of Atlas Pipeline Partners’ largest shareholders to gain access to confidential information from a company executive, according to a statement released Wednesday by the regulator. He earned substantial illicit profits by bu...

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