Grassley Is Examining About 20 SAC Capital Trades, Aide Says
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U.S. Senator Charles Grassley is examining about 20 potential instances of possible insider trading at SAC Capital Advisors LP, his spokeswoman said.
The Financial Industry Regulatory Authority sent Grassley, the top Republican on the Senate Judiciary Committee, “about 20 suspicious instances of trading by SAC Capital,” Jill Gerber, the spokeswoman, said in an e-mail today. Gerber provided no further details.