Open Thread: FBI, SEC Gunning for SAC ?

November 22, 2010 1:46pm by Barry Ritholtz

The WSJ is reporting the FBI raided the Connecticut offices of two hedge funds amid insider-trading case.

Marketwatch reports that the firms — Diamondback Capital Management and Level Global Investors — were spinoffs from SAC capital.

This which leads to the obvious question: Is the SEC chasing the big dog (Stevie Cohen), or was this merely a coincidence . . .?

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What say ye?

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