Say It Ain’t So, Leon Cooperman

Stephen Taub explains why the Securties and Exchange Commission’s insider trading charges against Leon Cooperman, more than other hedge fund scandals, leaves him feeling more sad than angry.

Leon Cooperman, Omega Advisors (Bloomberg)

Et tu, Leon Cooperman?

The Securities and Exchange Commission has officially charged Wall Street legend Cooperman and his firm, Omega Advisors, with insider trading, saying he “generated substantial illicit profits” by purchasing securities in Atlas Pipeline Partners (APL) before it announced the sale of a natural gas processing facility.

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.