Reuters – A laundry list of referrals about trading at SAC Capital have shed new light on the firm’s opportunistic bets but also illustrate why regulators are having a tough time making allegations of insider trading stick against one of the world’s biggest hedge funds.
In the last three years, Finra, Wall Street’s self-regulatory body, has sent 903 referrals of possible insider trading to the Securities and Exchange Commission, a spokeswoman said.
