On May 24th, in a letter to the SEC, Senator Grassley asked for the agency to provide clarity on the actions it took regarding the hedge fund SAC Capital Advisors LP, where two of its former portfolio managers face insider trading charges. Grassley expressed that his aim is to ensure that the SEC properly policies financial markets and that “Looking into specific examples is essential for Congress to understand how effectively the SEC pursues referrals.” The SEC has yet to comment on the letter.