Grassley Asks Finra for SAC Capital Suspicious-Trade Information
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U.S. Senator Charles Grassley asked the Financial Industry Regulatory Authority to provide information on the “potential scope of suspicious trading activity” at SAC Capital Advisors LP, the hedge-fund firm founded by billionaire Steven A. Cohen.
Grassley asked Finra Chairman Richard Ketchum for copies of all referrals related to SAC Capital sent to the brokerage regulator since January 2000, according to an April 26 letter obtained by Bloomberg News today. The senator asked Ketchum to respond by May 10.