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Regulator Flagged SAC Stock Trades .

"Wall Street regulators expressed mounting concern about SAC Capital Advisors' trading over a nine-year period, detailing in dozens of confidential reports suspicions that the hedge-fund firm might have profited from insider information."

"The reports, submitted by the regulators to the Securities and Exchange Commission, don't allege wrongdoing by SAC, one of the world's best-known hedge-funds, which is overseen by billionaire founder Steven A. Cohen."

"But investigators at the Financial Industry Regulatory Authority, a self-regulatory body for securities firms, described SAC's history of well-timed trades as unusually prescient and particularly profitable, according to more than 320 pages of documents reviewed by The Wall Street Journal."

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