Before The Mets, Steve Cohen Was The Hedge-Fund King | FRONTLINE (full documentary)
552,161 views
Dec 7, 2021
FRONTLINE PBS | Official
1.32M subscribers
Inside the government’s crackdown on insider trading, drawing on exclusively-obtained video of hedge fund titan Steven A. Cohen, incriminating FBI wiretaps, and interviews with both Wall Street and Justice Department insiders. (Aired 2014)
This journalism is made possible by viewers like you. Support your local PBS station here: http://www.pbs.org/donate.
In November 2013, hedge fund giant SAC Capital agreed to plead guilty to what prosecutors called “insider trading that was substantial, pervasive, and on a scale without precedent in the history of hedge funds.” “To Catch a Trader” goes inside the suspenseful and compelling story of this unprecedented government investigation, as correspondent Martin Smith traces how an insatiable search for trading “edge” ultimately doomed some of the most successful names on Wall Street.
Love FRONTLINE? Find us on the PBS Video App, where there are more than 300 FRONTLINE documentaries available to watch any time: https://to.pbs.org/FLVideoApp
#Documentary #ToCatchATrader
Subscribe on YouTube: http://bit.ly/1BycsJW
Instagram: https://www.instagram.com/frontlinepbs
Twitter: https://twitter.com/frontlinepbs
Facebook: https://www.facebook.com/frontline
Funding for FRONTLINE is provided through the support of PBS viewers and by the Corporation for Public Broadcasting. Major funding for FRONTLINE is provided by the Ford Foundation. Additional funding is provided by the Abrams Foundation; the John D. and Catherine T. MacArthur Foundation; Park Foundation; and the FRONTLINE Journalism Fund with major support from Jon and Jo Ann Hagler on behalf of the Jon L. Hagler Foundation, and additional support from Koo and Patricia Yuen.
1,013 Comments
Peter Burgess
Add a public comment...
Alexandre Arquembourg
Alexandre Arquembourg
4 weeks ago
That was great journalism. The fact that that Mindy woman got 4 years, but the trader asking her information is not in prison yet is beyond disgusting.
189
Tommy Kincaid
Tommy Kincaid
1 month ago
Frontline is without a doubt the best in-depth journalism in media today. It's pretty refreshing.
400
ME Pulley
ME Pulley
1 month ago
Yet politicians have access to this information and are not prosecuted when used.
372
Shawn Cassidy
Shawn Cassidy
1 month ago
Another amazing documentary from PBS 👏
Always so good!
60
Bjorn Hansen
Bjorn Hansen
1 month ago
This is another perfect example that, contrary to what Preet Bharara said, the law does not apply equally to everybody. If a company is criminally liable, so are their executive organs, each and every one. It’s ridiculous that they, who are responsible for that company (and use this “responsibility” as a justification for their enormous remuneration) are not held responsible for their active and/or inactive doings. The US criminal system, again, proves it is there to protect the rich, white, and well connected.
121
lonnie romero
lonnie romero
1 month ago
It is amazing to me given the amount of damage insider trading can do to the health of our economy it isn’t a capital offense.
73
benjamin adamson
benjamin adamson
1 month ago (edited)
'the criminal negligence laws that cover some industries do not apply to finance.' - I literally spat out water when I heard that
176
tedereTSSK
tedereTSSK
1 month ago
Informative, educational and insightful. Enjoyed the back story. Thank you.
31
Arrow B
Arrow B
2 weeks ago
This documentary project covered extensively in many systems and details from the longitudinal time beings to different targeted interviewing.
It enables me to understand the risk-taker's calls and the hefty consequences of the violated the trading law.
Nothing is easy. Love this thorough research in depth and thanks PBS's efforts on investigating research.
I got another lesson.
10
MAD King
MAD King
1 month ago (edited)
This report proves that rich people always get away with crimes like that. Cohen is worth today even more, $11 billion. This can men only one thing: Crime pays off.
64
Thomas Smith
Thomas Smith
4 weeks ago
Steve Cohen made billions on inside trading and he’s considered a great investor. I’ll be a great investor too having all the info ahead of time.
150
Ariel Spalter
Ariel Spalter
6 days ago
Super interesting, and truly top notch journalism. Thank you!
R BAS3L
R BAS3L
3 weeks ago
32:10 this guy could’ve saved a lot of face by just saying something along the lines of “it’s a big business and mistakes are bound to happen, just like any other company” or something. You can’t be responsible for every individual.
10
Howard Berk
Howard Berk
2 weeks ago (edited)
Great documentary and I wonder how Steve Cohen will use insider trading to improve the Mets. He could check with the Houston Astros I suppose.
11
Jesus Rivera
Jesus Rivera
4 weeks ago
James freshman was really regretting every word in his memoir. His face sank and was eating every word. The reporter really did great job to confront him on it.
20
Di3selpower YouTube
Di3selpower YouTube
3 weeks ago
Gets me madder and madder knowing people are dumb enough to share secrets in plain sight and nobody does anything about it!
2
David Elstob
David Elstob
1 month ago
Funny how they can get underlings to testify against a crime boss, yet they can't get workers to do the same against a company owner.
13
Jack Bravo
Jack Bravo
1 month ago
In the end, the so-called law does not really try to protect the truth, but simply trying to make sure the 'procedure' is correct. Quite sad.
12
Ryder CM
Ryder CM
1 month ago
Amazing documentary, thank you Frontline!
6
John Aranita
John Aranita
1 month ago
This is one of my very favorite PBS DVD documentaries.
40
Chobble Gobbler
Chobble Gobbler
1 month ago
Love how we celebrate grifters by calling them moguls.
29
Emilio Rosa
Emilio Rosa
1 month ago
Thanks you Frontline for amazing work n information n always getting the truth out there more vids 👍
2
Steph S
Steph S
1 month ago
Raj was also spreading 'switches' by buying one index tenor and shorting another. It's a rates-trade (div-arb) but he was allocating the winning leg to F&F and the loser to public funds. He also did it with singlename spreads (stocks).
7
m Cave
m Cave
1 month ago
Best thing I ever did was take my retirement and managed it myself these hedge funds are nothing but criminals.
26
Investor Center
Investor Center
2 weeks ago
Very well done documentary!
2
Roxie Paradox
Roxie Paradox
1 month ago
This is exactly why and the giant tears that were wept by hedge funds was so damn hilarious. :)
68
Fixit brewbaycustom
Fixit brewbaycustom
1 month ago
Classic example of government efforts to protect criminal bankers and Hedgehog type creeps!
11
ESINYEN ETABO
ESINYEN ETABO
1 month ago
William L. God bless your voice and transparency in the media field. PBS is open and trusted source
17
Mike Fitzgerald
Mike Fitzgerald
1 month ago
how does Cohen get away with claiming he wasn't aware of what was going on at the company he built and watched like a hawk every day?
38
Phil Pan
Phil Pan
1 month ago (edited)
Whether you vote Dems or GOP, none of this will change. There is no difference between insider trading and embezzlement ; yet these guys usually escape scot free. Wall Street owns US policy. And who owns Wall Street ?
33
Joshdubyuh
Joshdubyuh
1 month ago
This is gonna be a banger! More finance ones frontline! 🍿
34
Rolyat Neek
Rolyat Neek
1 month ago
There isn't NEARLY enough law enforcement budget to investigate what's going on RIGHT NOW with the markets. Traders are taking on insane amounts of risk with little fear still, and it's all reminiscent of pre-2008. I for one am excited to hear when the next Maddoff scheme will be revealed.
34
Sheila Anne
Sheila Anne
1 month ago
Here's the thing. They amass so much money it's easier to just pay the fine if caught. Never or rarely do jail time. Not nearly enough SEC agents to work cases & the traders know it.
47
S. Armstrong
S. Armstrong
3 weeks ago
Apparently the Congress men/women nor Fed insiders know what insider trading is either. Strange how they are not held accountable.
2
William Kreth
William Kreth
4 weeks ago
Man I knew there was some scandalous stuff going on but dang! Great doc!
315 S Camden Ste 400 Beverly Hills
315 S Camden Ste 400 Beverly Hills
3 weeks ago
THANK YOU FOR SHOWING ME HOW EVIL THIS COUNTRY IS.
4
Kenai Dog
Kenai Dog
1 month ago
Criminalize negligence so our politicians can be held accountable.
22
Sam Spade
Sam Spade
1 month ago
For real reporting! No news media compares to Frontline!!!
4
Leaton Sparks
Leaton Sparks
3 weeks ago
What gets me mad is the amount off jail time the system give to petty thif compare to these big thif I will never understand it just makes me sick
3
Daniel Cruz
Daniel Cruz
4 weeks ago
it seems pretty clear that he used insider info to perform his trades, but had amazing lawyers to get bailed.
#Documentary #ToCatchATrader
SITE COUNT< Blog Counters
Reset to zero January 20, 2015
TrueValueMetrics (TVM) is an Open Source / Open Knowledge initiative. It has been funded by family and friends. TVM is a 'big idea' that has the potential to be a game changer. The goal is for it to remain an open access initiative.
