Two weeks after a jury found Galleon Group founder Raj Rajaratnam guilty of insider trading, Congress is pressing Securities and Exchange Commission chief Mary Schapiro to turn the spotlight on allegations of insider trading at Cohen’s $13 billion hedge fund. Leading the charge is Sen. Chuck Grassley, a Republican from Iowa and a ranking member of the Judiciary Committee, who sent a letter to the SEC yesterday demanding that the agency explain how it has dealt with suspicious activity tied to the Stamford, Conn.-based hedge fund.
Read more: Cohen in SEC’s sights after Grassley grills Schapiro — New York Post
