SEC Can Put SAC's Cohen Out of Business, Pitt Says

SEC Can Put SAC's Cohen Out of Business, Pitt Says Play

July 19 (Bloomberg) -- Former U.S. Securities and Exchange Commission Chairman Harvey Pitt talks about accusations by the SEC that Steven A. Cohen, the billionaire founder of hedge-fund firm SAC Capital Advisors LP, failed supervise two employees facing criminal charges that they illegally traded stocks based on confidential information. Pitt speaks with Trish Regan, Adam Johnson and Dominic Chu on Bloomberg Television's "Street Smart." Peter Cook also speaks. (Source: Bloomberg)

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