Regulator Flagged SAC Stock Trades

Discussion in 'Wall St. News' started by nitro, Oct 25, 2011.

  1. nitro


    "Wall Street regulators expressed mounting concern about SAC Capital Advisors' trading over a nine-year period, detailing in dozens of confidential reports suspicions that the hedge-fund firm might have profited from insider information.

    The reports, submitted by the regulators to the Securities and Exchange Commission, don't allege wrongdoing by SAC, one of the world's best-known hedge-funds, which is overseen by billionaire founder Steven A. Cohen.

    But investigators at the Financial Industry Regulatory Authority, a self-regulatory body for securities firms, described SAC's history of well-timed trades as unusually prescient and particularly profitable, according to more than 320 pages of documents reviewed by ..."
  2. i am shocked,just shocked to hear that.... not.