WSJ – Wall Street regulators expressed mounting concern about SAC Capital Advisors’ trading over a nine-year period, detailing in dozens of confidential reports suspicions that the hedge-fund firm might have profited from insider information.
The reports, submitted by the regulators to the Securities and Exchange Commission, don’t allege wrongdoing by SAC, one of the world’s best-known hedge-funds, which is overseen by billionaire founder Steven A. Cohen.
