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S.A.C. Capital Advisors Compliance Officer Resigns

Scuttlebutt | February 18, 2014

Steven Kessler, chief compliance officer for hedge fund firm S.A.C. Capital Advisors, will be stepping down at the end of this month for personal reasons.

Kessler, who has been with S.A.C. for nine years, plans to spend more time with his family and on philanthropy, according to an employee memo obtained by Bloomberg News.

John Casey, chief operating officer of the compliance department, has been appointed interim head of the unit.

Insider Trading

In November 2013, SAC agreed to pay $1.8 billion in total penalties to the Securities and Exchange Commission and the Department of Justice to resolve charges of insider trading. 

On Feb. 6, a federal jury in Manhattan found Matthew...

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