call la han, james hinkle, matthew thorson, bj king, and david makele. i also want to emphasize today's announcement has no effect on any individual awaiting trial. those defendants are proven innocent until proven others. what sac's capital's plea demonstrates is cheating and breaking the law were not only permitted butsds allowed to persist-point sac focused on hiring the best talent, talent who was equipped with extensive networks to circumvent traditional lines of communication. talent who would be prepared to get confidential information to fuel their elicit trades. sac didn't just break the law, their illegal activity resulted in insider trading that was substantial, pervasive and on a scale without known precedent according to the july indictment. it was nothing sort of institutional failure. in today's agreement, sac capital will plead guilty to all five counts in the indictment. the result is $1.8 billion in fines and forfeiture, the largest penalty and an insider trading investigateshion ever. they will terminate operations as an investment adv