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SAC hedge funds fined $614 mn for insider trades

A woman makes her way past the New York Stock Exchange in the snow on March 8, 2012. The SEC announced it was fining a unit of the hedge fund SAC Capital Advisors more than $600 million over insider trades that netted hundreds of millions of dollars in ilThe SEC announced insider trading fines of more than $614 million Friday for affiliates of billionaire Steven A. Cohen's SAC Capital Advisers, dealing another blow to the embattled hedge fund titan.