http://finance.yahoo.com/banking-budgeting/article/111533/new-players-ties-surface-in-trading-probe?mod=bb-budgeting&sec=topStories&pos=3&asset=&ccode=
Another fine example of the "Big Joke" "OUR" system has become!
The second time?
In my world
If the court says so
You have to
By penalty of law!
SAC, a Stamford, Conn.-based hedge fund that manages $12 billion, last month received a subpoena—along with a number of other hedge funds and mutual funds in the probe—asking for trading records and emails, among other things. Mr. Cohen declined to comment through a spokesman. In a late-November letter to investors disclosing the subpoena, Mr. Cohen said the information request didn't suggest that "anyone at SAC has engaged in wrongdoing."
[More from WSJ.com: Fannie, Freddie Pressed on Mortgages]
The recent effort is the second time the government has struck out in a bid to obtain recorded conversations inside SAC as part of its insider-trading investigation.
The stumbles underscore the challenges the government faces in piecing together parts of its probe. The U.S. currently is preparing an insider-trading case that could involve bankers, consultants, analysts and traders at mutual funds and hedge funds. A federal grand jury in New York has heard evidence in the matter, according to people familiar with the matter.
One of several focuses of the probe involves scrutiny of researchers such as Mr. Kinnucan, who provide their clients with highly detailed analysis. The government is looking into whether such research in some instances involves disclosure of inside information.
