Wednesday, 17 September 2014
Last updated 10 hours ago
May 23 2011 | 2:31pm ET
One top U.S. senator is looking into a handful of trades at SAC Capital Advisors to see if he can do what regulators and prosecutors have been unable to: find evidence of insider-trading.
Sen. Charles Grassley (R-Iowa), the ranking minority member of the Senate Judiciary Committee, is looking into "about 20 suspicious instances of trading by SAC Capital," his spokeswoman said. But the Senate isn't stopping there.
Senate investigators are in talks with the Justice Department, Securities and Exchange Commission and Financial Industry Regulatory Authority about widening the probe into options trading by the firm, The Wall Street Journal reports.
FINRA has turned over details from the 20 trades requested by Grassley.
Meanwhile, FOX Business Network Senior Correspondent Charlie Gasparino reports that despite government probes into SAC, the firm is not suffering redemptions, and in fact, it is growing: “They continue to take in assets despite these investigations,” sources told Gasparino, adding that SAC “has raised 1.5 billion dollars since mid 2010” when the probes began.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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