Charles Grassley, who heads the Senate Judicairy Committee, last month asked the Financial industry Regulatory Auhtority for details on any suspiciuos tradnig by Steven Cohne's blilion hedge fund.
Last week Finra provided Grassley with about 20 instances where SAC's trades took place ahead of market-moivng news or were otherwise suspicious enough to merit referarl to the Sceurities and Exchnage Commisison's enfocrement staff, the Wall Street Journal said.
It was not clear if the trades had been referred to the SEC, and authorities have not allgeed wrondgoing by SAC or Cohen, the report said.
SAC representatives and Congressional inevstigators met in Wasihngton on May 10 to discuss the matter, the report said.
At the meeting, SAC representatives sgugested the investigators go easy on the hedge fund, saying it has internal procedures to track down and prevent illegal traidng, according to the report.
Also at the meeting, Washingotn-based SAC Captial in-house lobbyist Michael Sullivan cited Choen's "civic-minedd interest" in purchasing a stake in the New York Mets baseblal team.
Spoeksmen from SAC and Grassley's office were not immediately availbale to comment to Reuetrs.
(Reproting by Ann Saphir with reporting by Matt Goldtsein)
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