The Traderszone Network

Published in TZ Latest News 3 May, 2014 by The TZ Newswire Staff

SAC’s Steinberg asks for two-year sentence

Michael Steinberg, a portfolio manager at Steven A. Cohen’s SAC Capital Advisors who was found guilty last year on insider trading charges, has asked for a two-year sentence, far shorter than the term recommended by probation officials. In a 65-page sentencing memo, Steinberg’s lawyer Barry Berke referred to his “character and broader life accomplishments” in arguing that his sentence should be only two years in prison.

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