A report from CNBC said that SAC Capital Advisors would be pleading guilty to charges of securities fraud. As part of the plea agreement, the hedge fund would also be slapped a fine of USD 1.8 billion. Citing sources familiar with the situation, CNBC reported that SAC Capital Advisors and the US Attorney's Office in Manhattan would most likely sign the deal today. However, the agreement would not include an admission from the Stamford, Connecticut-based hedge fund that it promoted insider trading inside the company.

SAC Capital Advisors was founded by Steven A. Cohen. In July, it was accused of reaping illicit profit to amounting to hundreds of millions of dollars. The conspiracy was said to have began way back in 1999. Cohen denied he had committed anything wrong. He was not also charged.

According to the report, USD 1.2 billion of the fine would be paid due to the criminal investigation conducted by US Attorney Preet Bharara. SAC Capital Advisors had already said it would settle a related lawsuit with the US Securities and Exchange Commission for over USD 600 million, the report added.