A laundry list of referrals about trading at SAC Capital have shed new light on the firm's opportunistic bets but also illustrate why regulators are having a tough time making allegations of insider trading stick against one of the world's biggest hedge funds, the fine people at Reuters report.
In the last three years, Finra, Wall Street's self-regulatory body, has sent 903 referrals of possible insider trading to the Securities and Exchange Commission, a spokeswoman said.
Among them were dozens of cases of suspicious trading at SAC Capital Advisors, said people familiar with the matter who are not allowed to discuss it publicly. One of the referrals centers on trading …..
Find out more at http://www.reuters.com/article/2011/10/25/us-hedgefunds-sac-idUSTRE79O7H820111025?feedType=RSS&feedName=businessNews&utm_source=twitterfeed&utm_medium=twitter&utm_campaign=Feed:+reuters/businessNews+(News+/+US+/+Business+News)
No comments:
Post a Comment