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Sunday, March 17, 2013

I am very disturbed by one phrase in your description of this agreement (Big Hedge Fund Pays $616 Million in Trading Cases, New York Times, March 16, 2013: A1,A3).

You say: "SAC ... holds one of the best investment records on Wall Street..."

I, too, could have a good investment record if I was able to enjoy multiple instances of trading on the basis of insider information.

With that kind of information it is easy to buy low, sell high, and short stocks with no danger of losses.

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