Expect an appeal from Michael Steinberg, who was also fined $2 million.
A hearing is set on Friday to sentence Steinberg. Prosecutors say he should serve up to six and half years for trading on inside information.
The case marks the first time the SEC reached a so-called "non-prosecution" agreement with an individual - an unnamed trader.
At a hearing in Manhattan federal court, U.S. District Judge Laura Taylor Swain accepted SAC Capital's guilty plea to fraud charges and payment of a $900 million fine.
Prosecutors said the deal is the largest insider trading settlement in U.S. history - one that resulted in a rare guilty plea by a large company.
Since October 2009, 90 people have been charged for insider trading, of whom 79 have pleaded guilty or have been convicted at trial.
During Mathew Martoma's trial, a witness testified that the feds were “really after a man named Steven A. Cohen.”
Shares of "NEST" jumped 1,900 percent after investors confused the penny stock with Nest Labs.
The U.S. attorney in Manhattan criticized India for focusing solely on the official’s arrest and not on the underpaid victim's plight.
Employees of Bernie Madoff's firm sought the loan, which was twice its credit at the time, according to a published report.
The allegations against Joseph Hunter and four former soldiers "read like they were ripped from the pages of a Tom Clancy novel," according to Manhattan U.S. Attorney Preet Bharara.
The SEC and U.S. Attorney’s Office says Aggarwal bought shares in the Yahoo-Microsoft deal using his contacts at Microsoft.
Hedge fund SAC Capital pleaded not guilty to charges of rampant insider trading, but a former insider threatens to blow open the continuing investigation.
Richard Lee, 34, has emerged as an unlikely insider for the government's insider trading investigation.
SAC, with assets of about $15 billion, has been subjected to years of federal probes into suspected securities fraud dating back to 2006.
Federal prosecutors are poised to lodge criminal charges as soon as this week against SAC Capital Advisors, The Wall Street Journal reports.
Steve Cohen is charged with failing to supervise traders.
Cohen "received highly suspicious information that should have caused any reasonable hedge fund manager to investigate," the SEC said.
The SEC also banned the former director, Rajat Gupta, from serving as a director or officer of any public or private company.
Younger Wall Streeters are more likely than their elders to accept illegal and unethical conduct in their industry, a survey finds.
The SAC founder may escape federal prosecution in one of his insider trading scandals, but investigators press on in other cases.
Rajaratnam was convicted in 2011 for massive securities fraud in the biggest-ever U.S. hedge fund insider trading scheme.
