{"id":6037,"date":"2016-09-21T20:45:28","date_gmt":"2016-09-22T01:45:28","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=1086"},"modified":"2016-09-21T20:45:28","modified_gmt":"2016-09-22T01:45:28","slug":"hedge-fund-manager-faces-sec-charges-insider-trading","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/hedge-fund-manager-faces-sec-charges-insider-trading\/","title":{"rendered":"Hedge Fund Manager Faces SEC Charges For Insider Trading"},"content":{"rendered":"<blockquote>\n<div class=\"WordSection1\">\n<div class=\"\"><\/div>\n<div class=\"\"><span class=\"\">The SEC has filed<a href=\"https:\/\/www.securities-fraud-attorneys.com\"> insider trading<\/a> civil charges against Leon G. Cooperman and his Omega Advisors. According to the regulator, the hedge fund manager made illicit profits when he bought Atlas Pipeline Partners \u00a0securities right before it sold its natural gas processing facility in Oklahoma.<\/span><\/div>\n<div class=\"\"><span class=\"\">\u00a0<\/span><\/div>\n<div class=\"\"><span class=\"\">Cooperman is accused of using his position as one of Atlas Pipeline\u2019s biggest shareholder to obtain confidential information about the upcoming sale.\u00a0 This, even after Cooperman and his firm had agreed not to to make trades using the information he was given. When the sale of the facility, for $682 million, was announced publicly, Atlas Pipeline\u2019s stock price went up by over 31%.\u00a0<\/span><\/div>\n<div class=\"\"><span class=\"\">\u00a0<\/span><\/div>\n<div class=\"\"><span class=\"\">The SEC, in its complaint, said that when Cooperman\u2019s firm was sent a subpoena regarding its trading involving Atlas Pipeline securities, Cooperman allegedly spoke to the executive who had given him the nonpublic information and attempted to make up a story about the trading. The executive was reportedly upset to find out that Cooperman had traded before the announcement of the sale.\u00a0<\/span><\/div>\n<div class=\"\"><span class=\"\">\u00a0<\/span><\/div>\n<\/div>\n<\/blockquote>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/hedge-fund-manager-faces-sec-charges-insider-trading\/#more-6037\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The SEC has filed insider trading civil charges against Leon G. Cooperman and his Omega Advisors. According to the regulator, the hedge fund manager made illicit profits when he bought Atlas Pipeline Partners \u00a0securities right before it sold its natural gas processing facility in Oklahoma. \u00a0 Cooperman is accused of using his position as one [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3811,3760,3761],"tags":[],"class_list":["post-6037","post","type-post","status-publish","format-standard","hentry","category-insider-trading","category-sec-enforcement","category-securities-and-exchange-commis"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Hedge Fund Manager Faces SEC Charges For Insider Trading &#8212; Investor Lawyers Blog &#8212; September 21, 2016<\/title>\n<meta name=\"description\" content=\"The SEC has filed insider trading civil charges against Leon G. Cooperman and his Omega Advisors. According to the regulator, the hedge fund manager made &#8212; September 21, 2016\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/hedge-fund-manager-faces-sec-charges-insider-trading\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Hedge Fund Manager Faces SEC Charges For Insider Trading &#8212; Investor Lawyers Blog &#8212; September 21, 2016\" \/>\n<meta name=\"twitter:description\" content=\"The SEC has filed insider trading civil charges against Leon G. Cooperman and his Omega Advisors. According to the regulator, the hedge fund manager made &#8212; September 21, 2016\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Hedge Fund Manager Faces SEC Charges For Insider Trading &#8212; Investor Lawyers Blog &#8212; September 21, 2016","description":"The SEC has filed insider trading civil charges against Leon G. Cooperman and his Omega Advisors. 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According to the regulator, the hedge fund manager made &#8212; September 21, 2016","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/hedge-fund-manager-faces-sec-charges-insider-trading\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/hedge-fund-manager-faces-sec-charges-insider-trading\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Hedge Fund Manager Faces SEC Charges For Insider Trading","datePublished":"2016-09-22T01:45:28+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/hedge-fund-manager-faces-sec-charges-insider-trading\/"},"wordCount":553,"articleSection":["Insider Trading","SEC Enforcement","Securities and Exchange Commission"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/hedge-fund-manager-faces-sec-charges-insider-trading\/","url":"https:\/\/www.investorlawyers.com\/blog\/hedge-fund-manager-faces-sec-charges-insider-trading\/","name":"Hedge Fund Manager Faces SEC Charges For Insider Trading &#8212; Investor Lawyers Blog &#8212; September 21, 2016","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2016-09-22T01:45:28+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"The SEC has filed insider trading civil charges against Leon G. 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