Sen. Seeks Reports On SAC Capital Trading Activity

Law360, New York (May 6, 2011, 10:16 PM EDT) -- Sen. Charles Grassley, R-Iowa, reportedly sent a letter last month to the Financial Industry Regulatory Authority requesting reports about trading activity involving SAC Capital Advisors LP, a hedge fund whose managers have been caught in a criminal insider trading probe.

In a letter dated April 26 but released Friday, Grassley asked the regulatory agency for information on any suspicious trades made by SAC Capital since 2000, saying that "more must be done to investigate and bring these criminals to justice," according to a report from the...
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