Senator Urges 'Suspicious Trading' Probe Of SAC Hedge Fund

nytimes.com:

Federal prosecutors are examining trades made in an account run by Mr. Cohen at SAC Capital Advisors, his hedge fund in Stamford, Conn., that manages about $12 billion, according to a government filing. The trades were suggested by two SAC portfolio managers who have pleaded guilty to insider trading-related crimes. The charges are part of a vast investigation into insider trading at hedge funds by the United States attorney in Manhattan that has resulted in criminal cases against at least 47 people over the last two years.

Read the whole story: nytimes.com

Comments

[one tequila two tequila]

10:32 AM on 05/10/2011

every hedge fund should be closed down and the people who sell them put in jail!

[Duppy]

05:18 PM on 05/09/2011

While they are at it, the SEC should investigate speculators driving up the price of commodities, just so they can make a quick buck at the expense of the country

[frank day]

10:08 AM on 05/09/2011

Maybe we should start by actually funding the regulators and hiring enough regulators to do the

work properly? Just a thought.

[marshallwyattearp]

02:41 AM on 05/09/2011

While their at it... Look into the insider trading with oil futures that has been going on for the past 20 + years. Let's clean up the politicians... but we can't do that... some of these people might be someone you've trusted... and we can look over that. Right?

This country's economy has taken a dump because you will not swallow your pride and admit that the politician you've voted for... isn't as honest as you thought, or didn't care about us as you believed.

Nothing is going to change until you are willing to put everyone of these 2-faced crooks under a microscope. Not just one person, or one party. I don't care what party you stand for... I can show you facts about each one, that will turn you into an ignorant, hot-headed, name caller... unless you really want to know the truth.
I've been doing my research... You'll be hard pressed showing me that one party is better than the other. As for this pres... maybe you should ask why the Governor of Illinois is geting off on all the felony charges, because the evidence has something to do with Obama.... and he's not being allowed to be brought into the trial. http://www.google.com/url?sa=t&source=web&cd=1&ved=0CBkQFjAA&url=http%3A%2F%2Fpoliticalwire.com%2Farchives%2F2009%2F12%2F13%2Fblagojevich_wants_fbi_interview_with_obama.html&ei=bVfHTZbqCIyEtgegudmwBA&usg=AFQjCNHsRUQCgqIYSEy0HyJZB6aOnnhQKg&sig2=vPhs9lgQ9HxwFQKXEos5Cg

Marshall

[politicky]

07:39 PM on 05/08/2011

A Senator urging a probe? I thought only the middle class and lower got probed in this country.

[iam99]

04:08 AM on 05/09/2011

A mere probe isn't done with such viciousness and malice.

[politicky]

02:42 PM on 05/09/2011

lol,

[gtposse]

12:59 PM on 05/08/2011

i'VE SAID THIS FRM DAY ONE, ALL HEDGE FUND MANAGERS ARE INVOLVED IN SOME FORM OF INSIDER TRAIDING.

[Peter Combs]

10:07 PM on 05/08/2011

if that were so, they wouldn't usually end up collapsing over time...most funds are very short lived compared to regular investment businesses..

FOr Insider games...look more to JP Morgan and Goldman Sachs..

[frank day]

10:09 AM on 05/09/2011

Most hedge funds are Ponzi schemes.

[TXfemmom]

12:44 PM on 05/08/2011

I'm sorry, but if the body committed crimes, then the head should have to give back all the money it received due to the action of the body.  Oh, and punitive damages should be equal to twice as much on top of that. 

[McKeaton]

12:23 PM on 05/08/2011

From a title of concern, the article defends and praises MR. Cohen's activity...of FRAUD...

[LeeCalif]

12:19 PM on 05/08/2011

Grassley never really does anything to the business class besides blow smoke.

I think he's just looking for a contribution.

[CDRUSNret]

01:22 PM on 05/08/2011

Must have learned from Chris Dodd.

[LeeCalif]

12:14 PM on 05/08/2011

This guy must fall or this government will see a war in this country the likes of which can not even be imagined .

[iam99]

10:56 AM on 05/08/2011

NAKED-SHORTING!

[Peter Combs]

10:10 PM on 05/08/2011

Naked SHorting is illegal....as long as you have the cash many frims will let you do it.....

[HeevenSteven]

10:23 AM on 05/08/2011

Should be plural--funds..

[wendynyc]

09:53 AM on 05/08/2011

Just the sight of Tim Geithner on his cell phone during his confirmation hearings was creepy! It just looked like he was being bribed already!

[Martha Fair]

09:44 AM on 05/08/2011

Money never leaves...it just changes hands and some are experts at manipulating and loading the dice to make sure it always comes to them.

[InLosAngeles]

12:05 AM on 05/09/2011

Maybe, but as a general rule, those guys are just multiple times smarter than 99.99% of other people because they immerse themselves into the business. While so many people are out riding atvs, playing softball, or partying at the beach, these guys are reading 10Qs, annual report footnotes, and pending tax legislation. They simply know how the rules get written and what they actually mean and how they actually work. Most people truly are not educated enough to compete above the most basic level so the government steps in to tilt the game against the more educated (read tax brackets).

[frank day]

10:11 AM on 05/09/2011

Yeah, sure they are. ( rolls eyes)

[jo smith456]

08:28 AM on 05/08/2011

INSIDER-INFO:

Fed Reserve, by virtue of its "SECRET" operations and bookkeeping, has been working (giving insider-info) with "selected" wall-street-honchos whose front-companies are able to provide generally higher-returns for investments of their also-secret investors -- politicians, billionaires, multi-millionaires.
These honchos and their FedReserve-bankers-financiers partners are the powers-that-be of our US government!!! Their network of moneyed-lobbyists and MSM, practically control many facets of our US govt and media information.
These are the REAL ENEMIES of America.