Hedge Funds

SEC charges Leon Cooperman with insider trading

Regulator accuses prolific stock-picker and his firm Omega Advisors after five-year investigation

SEC headquarters in Washington
SEC headquarters in Washington Photo: iStock

The Securities and Exchange Commission on September 21 charged hedge fund manager Leon Cooperman and his firm Omega Advisors with insider trading.

The SEC accused Cooperman of profiting after purchasing securities in Atlas Pipeline Partners in advance of the sale of its natural gas processing facility in Elk City, Oklahoma.

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