US SEC charges thrust billionaire Cooperman into spotlight


NEW YORK: The latest insider trading charges by US securities regulators placed an unwelcome spotlight on billionaire Leon Cooperman, the son of a Bronx plumber who rose to become one of the most gifted stock pickers of his generation.

Earlier on Wednesday, the Securities and Exchange Commission charged Cooperman and his hedge fund firm, Omega Advisors, with illegal trading in Atlas Pipeline Partners six years ago after they found out about the planned sale of a unit.

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Business , Cooperman , insider trading , SEC

   

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