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"We Have Done Nothing Improper" - Omega's Cooperman Responds To Insider Trading Charge: Full Letter

As reported earlier today, in a stunning crackdown on one of the hedge fund industry's icons, the SEC accused Omega Advisors' Leon Cooperman of insider trading in shares of Atlas Pipeline. As expected, Cooperman disagrees, and in a 5 page letter to investors, he explains why "we are highly disappointed with the Commission’s decision to file charges, and we strongly disagree with the Commission that either the firm or I have engaged in any unlawful conduct.
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Here are the key details from the Leon Cooperman insider trading charges

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The Securities and Exchange Commission has charged Leon Cooperman of Omega Advisors with insider trading. The trading allegedly involves Atlas Pipeline Partners, according to the SEC complaint. The key details from the charges are a...

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