Updated: SAC Capital Settlement, Investigation Widens

John Edge, Managing Director at NICE Actimize

Last week's civil settlement in the insider trading investigation into Steven A. Cohen's venerable SAC Capital was fairly well-predicted: Trials are risky in such cases for the prosecution, while the SEC has made similar accusations directed at the hedge fund for close to a decade. Still, many see the result as a marker, including those who attended Sifma's annual legal and compliance society seminar in Phoenix last week.

"The argument from the regulators, who opened the conference with a discus