According to reports, the hedge fund is expected to accept the charges and pay $1.8bn to settle the matter, which US regulators have been investigating for the last five years.
According to news agency Reuters, SAC, which was founded by Steven Cohen, will cough up $1.8bn – marking the biggest ever insider trading fine – with $616m of this relating to a penalty that the hedge fund agreed to pay earlier this year.
Reuters said that the sum settled all civil lawsuits by the US Securities and Exchange Commission linked to SAC and insider trading.
