The SEC Just Refused To Hand Over Details Of SAC's Trades To Senator Grassley And He's Pissed

Iowa Senator Chuck Grassley had asked "for details of all referrals related to SAC Capital sent to the [SEC] since January 2000." The SEC has said no. Originally it was thought that Grassley's requests for details on certain trades was because he was investigating Steve Cohen's mammoth hedge fund, but in fact, he was investigating the SEC. SAC was being used a case study by the Senator's office, as he is concerned with how the SEC handles insider trading probes and referrals. But the SEC has rejected Grassley's request "to disclose how they have handled referrals they received of suspicious trading at hedge fund SAC Capital," according to the WSJ.