“The government cited tagging prominently in its case against SAC and the cases brought against its employees, believing tagging created an incentive for an employee to seek improper information in the hope of receiving a ‘tag bonus.’” Douglas Haynes, president of Steven Cohen’s Point72 Asset Management, in a memo explaining why the firm will stop operating a central pool for employees’ best trading ideas and giving special “tag” bonuses to those whose tips paid off.
