Civil fraud charges against SAC Capital 'may be months away'

It could be weeks, maybe months, before US securities regulators move on their threat of filing civil fraud charges against Steven Cohen's SAC Capital Advisors.

The US$14 billion hedge fund now faces meetings with Securities and Exchange Commission lawyers that could stretch on for some time, said lawyers familiar with the process.

At the end, SAC Capital could be dealing with a number of legal problems, the most serious of which would be insider trading allegations in civil court.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1094073/civil-fraud-charges-against-sac-capital-may-be