BUSINESS

Steve Cohen Not Quite An Expert On This Whole Insider Trading Thing

Steven 'Steve' Cohen, chairman and chief executive officer of SAC Captial Advisors LP, speaks during the Robin Hood Veterans
Steven 'Steve' Cohen, chairman and chief executive officer of SAC Captial Advisors LP, speaks during the Robin Hood Veterans Summit in New York, U.S., on Monday, May 7, 2012. The one-day summit discusses transitioning the country's armed forces personnel back to civilian life. Photographer: Scott Eells/Bloomberg via Getty Images

In a never-before-published video, hedge fund titan Steven A. Cohen, whose firm this week agreed to plead guilty to securities fraud, describes federal securities laws as "vague," and asks for an explanation of the basic Securities and Exchange Commission rule that prohibits insider trading.

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